CCLA Investment Management Sells 31,953 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• CCLA Investment Management has reduced its stake in O'Reilly Automotive by 27.5%, owning 84,090 shares after selling 31,953 shares in the first quarter.
• Recent analyst reports show a consensus "Buy" rating for O'Reilly Automotive, with target prices increased by multiple firms, now ranging from $96.33 to $113.00.
• Insider trading activities included significant sales, with one senior vice president selling 30,000 shares for approximately $2.72 million, indicating notable internal changes within the company.

CCLA Investment Management trimmed its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 27.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,090 shares of the specialty retailer's stock after selling 31,953 shares during the quarter. O'Reilly Automotive accounts for 2.1% of CCLA Investment Management's holdings, making the stock its 23rd biggest position. CCLA Investment Management owned approximately 0.15% of O'Reilly Automotive worth $120,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ORLY. Carolinas Wealth Consulting LLC grew its stake in shares of O'Reilly Automotive by 14.3% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock worth $76,000 after acquiring an additional 8 shares during the last quarter. Marcum Wealth LLC boosted its stake in O'Reilly Automotive by 4.0% during the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock worth $301,000 after purchasing an additional 8 shares during the last quarter. Adero Partners LLC raised its holdings in O'Reilly Automotive by 1.9% in the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock valued at $609,000 after buying an additional 8 shares during the period. Avior Wealth Management LLC increased its stake in O'Reilly Automotive by 3.5% during the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after buying an additional 8 shares during the period. Finally, Lindbrook Capital LLC increased its stake in shares of O'Reilly Automotive by 2.6% during the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after buying an additional 8 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Price Performance

ORLY stock traded down $1.19 on Thursday, hitting $103.25. 1,464,565 shares of the company were exchanged, compared to its average volume of 5,668,426. The stock has a market capitalization of $88.26 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 2.71 and a beta of 0.56. The business's fifty day moving average is $92.68 and its two-hundred day moving average is $90.85. O'Reilly Automotive, Inc. has a twelve month low of $73.11 and a twelve month high of $104.86.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 the consensus estimate of $4.54 billion. During the same quarter in the previous year, the business earned $10.55 earnings per share. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Najera Jose A. Montellano sold 285 shares of O'Reilly Automotive stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total transaction of $25,686.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Raymond Murphy sold 3,000 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $91.93, for a total transaction of $275,800.00. Following the completion of the sale, the director directly owned 4,560 shares of the company's stock, valued at $419,216. The trade was a 39.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,840 shares of company stock valued at $6,421,556 over the last three months. 1.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ORLY shares. Wells Fargo & Company lifted their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Guggenheim boosted their target price on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 25th. DA Davidson lifted their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. UBS Group raised their target price on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, BMO Capital Markets increased their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $102.22.

About O'Reilly Automotive

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.