iA Global Asset Management Inc. lessened its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 45.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,674 shares of the specialty retailer's stock after selling 5,538 shares during the quarter. iA Global Asset Management Inc.'s holdings in O'Reilly Automotive were worth $9,561,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG lifted its position in shares of O'Reilly Automotive by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock worth $41,848,000 after purchasing an additional 1,208 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in O'Reilly Automotive in the fourth quarter valued at approximately $210,000. Dynamic Technology Lab Private Ltd acquired a new stake in O'Reilly Automotive in the fourth quarter valued at approximately $452,000. Peapack Gladstone Financial Corp raised its holdings in O'Reilly Automotive by 5.2% in the fourth quarter. Peapack Gladstone Financial Corp now owns 1,192 shares of the specialty retailer's stock valued at $1,412,000 after acquiring an additional 59 shares in the last quarter. Finally, Polymer Capital Management US LLC acquired a new stake in O'Reilly Automotive in the fourth quarter valued at approximately $208,000. Hedge funds and other institutional investors own 85.00% of the company's stock.
Insider Transactions at O'Reilly Automotive
In other news, SVP Mark Joseph Merz sold 29,505 shares of O'Reilly Automotive stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the transaction, the senior vice president owned 4,234 shares of the company's stock, valued at $415,990.50. The trade was a 87.45% decrease in their position. The transaction was disclosed in a filing 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 value of $25,686.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,840 shares of company stock worth $6,421,556. Corporate insiders own 1.01% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ORLY. Evercore ISI raised their target price on shares of O'Reilly Automotive from $97.00 to $107.00 and gave the company an "outperform" rating in a report on Friday, July 25th. 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. 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. Mizuho raised their price objective on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a report on Friday, April 25th. Finally, Royal Bank Of Canada raised their price objective on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, O'Reilly Automotive has a consensus rating of "Buy" and an average price target of $102.22.
View Our Latest Stock Report on ORLY
O'Reilly Automotive Stock Performance
Shares of NASDAQ ORLY opened at $102.23 on Wednesday. The firm has a market capitalization of $87.39 billion, a P/E ratio of 36.55, a PEG ratio of 2.69 and a beta of 0.56. O'Reilly Automotive, Inc. has a one year low of $73.11 and a one year high of $102.48. The company's fifty day moving average is $92.40 and its two-hundred day moving average is $90.75.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The business's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.55 EPS. On average, sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.
About O'Reilly Automotive
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report).
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