JPMorgan Chase & Co. Sells 87,260 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• JPMorgan Chase & Co. reduced its stake in O'Reilly Automotive by 15.9%, selling 87,260 shares, and currently holds approximately 461,211 shares valued at $660.7 million.
• Multiple institutional investors, including Wealth Enhancement Advisory Services and Massachusetts Financial Services, have increased their holdings in O'Reilly Automotive, indicating strong interest in the stock.
• O'Reilly Automotive posted earnings of $0.78 per share for the last quarter, meeting analyst expectations, with revenue rising 5.9% year-over-year but slightly below forecast.

JPMorgan Chase & Co. decreased its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 15.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 461,211 shares of the specialty retailer's stock after selling 87,260 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.81% of O'Reilly Automotive worth $660,722,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in O'Reilly Automotive by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock worth $33,227,000 after purchasing an additional 3,272 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings 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. Vanguard Group Inc. increased its holdings in shares of O'Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after acquiring an additional 75,125 shares in the last quarter. Summit X LLC raised its position in shares of O'Reilly Automotive by 96.1% in the 1st quarter. Summit X LLC now owns 15,536 shares of the specialty retailer's stock worth $22,255,000 after purchasing an additional 7,612 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of O'Reilly Automotive by 7.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 149,393 shares of the specialty retailer's stock worth $214,017,000 after purchasing an additional 9,741 shares during the last quarter. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $103.33 on Monday. The stock has a market capitalization of $88.33 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.73 and a beta of 0.56. The stock's 50-day simple moving average is $93.20 and its two-hundred day simple moving average is $91.25. O'Reilly Automotive, Inc. has a 52-week low of $73.11 and a 52-week high of $104.86.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations 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 for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $10.55 earnings per share. As a group, equities analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other O'Reilly Automotive 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 value of $25,686.29. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Mark Joseph Merz sold 29,505 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the transaction, the senior vice president directly owned 4,234 shares in the company, valued at $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 69,840 shares of company stock valued at $6,629,176. 1.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ORLY shares. Barclays restated an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a research note on Friday, July 25th. Mizuho raised their price objective on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the company an "outperform" rating in a research note on Friday, April 25th. UBS Group raised their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. BMO Capital Markets raised their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $102.22.

O'Reilly Automotive 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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