O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB reduced its holdings in O'Reilly Automotive by 63.7%, selling 9,833 shares during the first quarter and now owns 5,603 shares valued at approximately $8 million.
• Multiple analysts have increased their price targets for O'Reilly Automotive, with DA Davidson raising it to $115 and Guggenheim to $110, indicating a generally positive outlook on the stock.
• Insiders have sold a substantial amount of shares recently, with the Senior Vice President Mark Joseph Merz selling 29,505 shares for about $2.9 million, reflecting significant insider movements in the company's stock.

AMF Tjanstepension AB lessened its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 63.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,603 shares of the specialty retailer's stock after selling 9,833 shares during the period. AMF Tjanstepension AB's holdings in O'Reilly Automotive were worth $8,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG increased its holdings in shares of O'Reilly Automotive by 3.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock valued at $41,848,000 after acquiring an additional 1,208 shares during the period. CenterBook Partners LP purchased a new position in O'Reilly Automotive in the fourth quarter valued at about $259,000. Phoenix Financial Ltd. bought a new position in O'Reilly Automotive in the fourth quarter worth about $1,417,000. Scotia Capital Inc. lifted its position in shares of O'Reilly Automotive by 7.1% during the fourth quarter. Scotia Capital Inc. now owns 542 shares of the specialty retailer's stock valued at $643,000 after buying an additional 36 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its position in shares of O'Reilly Automotive by 3.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 484 shares of the specialty retailer's stock valued at $574,000 after buying an additional 18 shares during the last quarter. Institutional investors own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays restated an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a research note on Friday, July 25th. Citigroup upped their target price on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. BMO Capital Markets raised their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Mizuho upped their price objective on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, Evercore ISI increased their price objective on shares of O'Reilly Automotive from $97.00 to $107.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $102.22.

O'Reilly Automotive Stock Down 0.1%

NASDAQ:ORLY traded down $0.14 on Friday, reaching $103.33. 3,676,893 shares of the company's stock were exchanged, compared to its average volume of 4,884,597. The firm has a market capitalization of $88.33 billion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 2.73 and a beta of 0.56. O'Reilly Automotive, Inc. has a 52-week low of $73.11 and a 52-week high of $104.86. The business has a fifty day moving average of $93.20 and a 200-day moving average of $91.25.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the previous year, the firm posted $10.55 EPS. O'Reilly Automotive's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction dated 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 owned 240 shares in the company, valued at approximately $21,767.20. This represents a 99.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,840 shares of company stock valued at $6,629,176 over the last three months. 1.01% of the stock is currently owned by insiders.

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.