South Street Advisors LLC Has $14.37 Million Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

South Street Advisors LLC cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,482 shares of the specialty retailer’s stock after selling 310 shares during the quarter. O’Reilly Automotive comprises approximately 2.2% of South Street Advisors LLC’s portfolio, making the stock its 20th largest holding. South Street Advisors LLC’s holdings in O’Reilly Automotive were worth $14,374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in O’Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after acquiring an additional 75,837 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in O’Reilly Automotive by 3.2% in the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after acquiring an additional 57,194 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in O’Reilly Automotive by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after acquiring an additional 19,211 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after acquiring an additional 376,167 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in O’Reilly Automotive by 99,957.0% in the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after acquiring an additional 853,633 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on ORLY shares. TD Cowen raised their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Morgan Stanley raised their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Evercore ISI raised their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. DA Davidson restated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Finally, Barclays raised their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Trading Down 0.9 %

Shares of NASDAQ:ORLY traded down $11.03 during trading on Friday, hitting $1,213.37. 437,650 shares of the company’s stock traded hands, compared to its average volume of 375,309. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30. The company has a market cap of $70.05 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. The company has a 50-day moving average price of $1,170.83 and a 200-day moving average price of $1,094.28.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the business posted $10.72 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the sale, the director now directly owns 141,589 shares in the company, valued at $158,511,717.28. The trade was a 8.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,322 shares of company stock worth $18,280,698 in the last ninety days. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive 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.