Geneva Capital Management LLC Has $44.80 Million Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• Geneva Capital Management LLC reduced its stake in O'Reilly Automotive by 13.0%, now owning approximately 31,273 shares valued at $44.80 million.
• Several hedge funds dramatically increased their positions in O'Reilly Automotive, with GAMMA Investing LLC raising its stake by over 175,000% in the first quarter.
• O'Reilly Automotive's stock has received multiple price target increases from analysts, with targets ranging from $110 to $115, reflecting strong market confidence and an overall rating of "Buy."

Geneva Capital Management LLC lessened its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 13.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,273 shares of the specialty retailer's stock after selling 4,689 shares during the period. Geneva Capital Management LLC owned approximately 0.05% of O'Reilly Automotive worth $44,801,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ORLY. GAMMA Investing LLC raised its position 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 worth $2,610,507,000 after purchasing an additional 1,821,202 shares in the last quarter. Assenagon Asset Management S.A. raised its position in O'Reilly Automotive by 197.2% in the first quarter. Assenagon Asset Management S.A. now owns 303,484 shares of the specialty retailer's stock worth $434,765,000 after purchasing an additional 201,356 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in O'Reilly Automotive by 33.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after purchasing an additional 147,904 shares in the last quarter. Stifel Financial Corp raised its position in O'Reilly Automotive by 294.8% in the fourth quarter. Stifel Financial Corp now owns 157,410 shares of the specialty retailer's stock worth $186,657,000 after purchasing an additional 117,542 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of O'Reilly Automotive by 5,128.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 115,034 shares of the specialty retailer's stock worth $136,407,000 after buying an additional 112,834 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

Wall Street Analyst Weigh In

ORLY has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. BMO Capital Markets raised their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. UBS Group raised their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Guggenheim raised their price objective on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, DA Davidson raised their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, O'Reilly Automotive presently has an average rating of "Buy" and an average price target of $102.22.

Insider Activity

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

O'Reilly Automotive Stock Performance

Shares of ORLY stock opened at $99.12 on Monday. O'Reilly Automotive, Inc. has a 52-week low of $73.11 and a 52-week high of $100.60. The stock has a market cap of $84.73 billion, a PE ratio of 35.43, a PEG ratio of 2.63 and a beta of 0.56. The firm's 50 day moving average price is $91.98 and its two-hundred day moving average price is $90.53.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $10.55 earnings per share. As a group, sell-side analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.

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