New York State Common Retirement Fund Sells 13,395 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

New York State Common Retirement Fund reduced its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 15.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,624 shares of the specialty retailer's stock after selling 13,395 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of O'Reilly Automotive worth $106,905,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of 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 valued at $2,610,507,000 after acquiring an additional 1,821,202 shares in the last quarter. Norges Bank acquired a new position in O'Reilly Automotive in the fourth quarter valued at $867,190,000. Assenagon Asset Management S.A. boosted its holdings 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 valued at $434,765,000 after acquiring an additional 201,356 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of O'Reilly Automotive by 294.8% during 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. lifted its stake 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 purchasing an additional 112,834 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at O'Reilly Automotive

In related news, SVP Najera Jose A. Montellano sold 285 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total value of $25,686.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Raymond Murphy sold 3,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director directly owned 4,560 shares of the company's stock, valued at approximately $419,216. This represents a 39.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,285 shares of company stock valued at $3,022,386. Corporate insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

ORLY has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on O'Reilly Automotive from $95.00 to $103.33 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Mizuho boosted their price objective on O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. DA Davidson increased their price objective on O'Reilly Automotive from $101.67 to $106.67 and gave the company a "buy" rating in a research report on Friday, April 25th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $98.00 price objective on shares of O'Reilly Automotive in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Buy" and an average price target of $94.38.

O'Reilly Automotive Price Performance

Shares of NASDAQ ORLY traded down $0.11 during mid-day trading on Wednesday, hitting $91.08. The company had a trading volume of 2,116,586 shares, compared to its average volume of 5,467,677. The business's 50-day simple moving average is $90.63 and its 200-day simple moving average is $89.00. O'Reilly Automotive, Inc. has a 12 month low of $68.44 and a 12 month high of $97.22. The firm has a market cap of $77.86 billion, a P/E ratio of 33.48, a PEG ratio of 2.54 and a beta of 0.58.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.04). O'Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the company earned $0.61 EPS. The business's revenue for the quarter was up 4.0% on a year-over-year basis. As a group, sell-side analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.