O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,471 shares of the specialty retailer’s stock after selling 373 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in O’Reilly Automotive were worth $12,135,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in O’Reilly Automotive by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,163,271 shares of the specialty retailer’s stock valued at $6,122,607,000 after purchasing an additional 17,325 shares during the period. GAMMA Investing LLC grew its holdings in O’Reilly Automotive by 175,115.6% in the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer’s stock valued at $2,610,507,000 after purchasing an additional 1,821,202 shares during the period. FMR LLC grew its holdings in O’Reilly Automotive by 0.8% in the fourth quarter. FMR LLC now owns 1,443,540 shares of the specialty retailer’s stock valued at $1,711,750,000 after purchasing an additional 11,039 shares during the period. Invesco Ltd. grew its holdings in O’Reilly Automotive by 6.2% in the fourth quarter. Invesco Ltd. now owns 799,848 shares of the specialty retailer’s stock valued at $948,460,000 after purchasing an additional 46,979 shares during the period. Finally, Norges Bank purchased a new stake in O’Reilly Automotive in the fourth quarter valued at approximately $867,190,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ORLY. BMO Capital Markets boosted their target price on shares of O’Reilly Automotive from $96.67 to $100.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Wells Fargo & Company boosted their target price on shares of O’Reilly Automotive from $95.00 to $103.33 and gave the company an “overweight” rating in a report on Wednesday, April 16th. Wall Street Zen upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Morgan Stanley reiterated an “overweight” rating on shares of O’Reilly Automotive in a research note on Thursday, April 24th. Finally, Mizuho boosted their price objective on shares of O’Reilly Automotive from $93.33 to $96.33 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Buy” and an average price target of $94.30.

O’Reilly Automotive Trading Down 2.3%

NASDAQ ORLY opened at $89.18 on Wednesday. The company’s fifty day simple moving average is $91.06 and its 200-day simple moving average is $88.13. O’Reilly Automotive, Inc. has a 52 week low of $67.24 and a 52 week high of $97.22. The stock has a market cap of $76.23 billion, a P/E ratio of 32.78, a PEG ratio of 2.49 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). O’Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,000 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $91.93, for a total value of $275,800.00. Following the sale, the director now directly owns 4,560 shares of the company’s stock, valued at $419,216. This represents a 39.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Ramon Parises Odems sold 30,000 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the completion of the sale, the senior vice president now directly owns 240 shares in the company, valued at $21,767.20. This represents a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,285 shares of company stock valued at $3,022,386. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.