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Invesco Ltd. Has $870.96 Million Stock Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

O'Reilly Automotive logo with Retail/Wholesale background

Key Points

  • Invesco Ltd. reduced its stake in O'Reilly Automotive by 24%, selling 191,882 shares and leaving them with approximately $870.96 million worth of shares.
  • Multiple institutional investors have also adjusted their positions in O'Reilly Automotive, with notable new stakes acquired during the first quarter.
  • The company's earnings report showed a revenue of $4.53 billion, a year-over-year increase of 5.9%, while analysts project an earnings per share of 43.94 for the current fiscal year.
  • Looking to export and analyze O'Reilly Automotive data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Invesco Ltd. lessened its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 24.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 607,966 shares of the specialty retailer's stock after selling 191,882 shares during the period. Invesco Ltd. owned 1.06% of O'Reilly Automotive worth $870,960,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new stake in shares of O'Reilly Automotive during the first quarter worth $25,000. HWG Holdings LP bought a new stake in shares of O'Reilly Automotive during the first quarter worth $26,000. HighMark Wealth Management LLC grew its holdings in shares of O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 13 shares during the last quarter. Investment Management Corp VA ADV bought a new stake in shares of O'Reilly Automotive during the fourth quarter worth $37,000. Finally, Piscataqua Savings Bank bought a new stake in shares of O'Reilly Automotive during the first quarter worth $43,000. Institutional investors own 85.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ORLY shares. UBS Group increased their target price on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Citigroup raised their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 25th. DA Davidson raised their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 25th. Barclays reiterated an "equal weight" rating and issued a $86.00 price target on shares of O'Reilly Automotive in a report on Friday, July 25th. Finally, Evercore ISI raised their price target on O'Reilly Automotive from $97.00 to $107.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Two equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $102.22.

Check Out Our Latest Stock Analysis on O'Reilly Automotive

O'Reilly Automotive Stock Performance

NASDAQ:ORLY traded up $0.27 during mid-day trading on Monday, hitting $103.60. The company had a trading volume of 4,004,705 shares, compared to its average volume of 4,884,597. O'Reilly Automotive, Inc. has a fifty-two week low of $73.11 and a fifty-two week high of $104.86. The business's fifty day moving average is $93.44 and its two-hundred day moving average is $91.39. The firm has a market cap of $88.56 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.73 and a beta of 0.56.

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

Insider Activity at O'Reilly Automotive

In other news, SVP Najera Jose A. Montellano sold 285 shares of the firm's stock in a transaction dated 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 document filed with the SEC, which is accessible through this link. Also, Director John Raymond Murphy sold 3,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $91.93, for a total value of $275,800.00. Following the sale, the director directly owned 4,560 shares in the company, valued at approximately $419,216. This represents a 39.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,840 shares of company stock valued at $6,629,176 over the last 90 days. Insiders own 1.01% of the company's stock.

O'Reilly Automotive Profile

(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

Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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