O'Reilly Automotive, Inc. (NASDAQ:ORLY) Stock Position Lowered by Jennison Associates LLC

Jennison Associates LLC reduced its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 734,902 shares of the specialty retailer's stock after selling 106,935 shares during the quarter. O'Reilly Automotive makes up 0.7% of Jennison Associates LLC's portfolio, making the stock its 29th largest holding. Jennison Associates LLC owned approximately 1.28% of O'Reilly Automotive worth $1,052,807,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ORLY. Kingsview Wealth Management LLC lifted its stake in O'Reilly Automotive by 111.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 471 shares of the specialty retailer's stock valued at $675,000 after acquiring an additional 248 shares in the last quarter. Litman Gregory Wealth Management LLC lifted its position in shares of O'Reilly Automotive by 3.6% during the 1st quarter. Litman Gregory Wealth Management LLC now owns 2,843 shares of the specialty retailer's stock worth $4,073,000 after buying an additional 100 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its position in shares of O'Reilly Automotive by 1.6% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 648 shares of the specialty retailer's stock worth $928,000 after buying an additional 10 shares during the last quarter. Summit X LLC increased its holdings in 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 in the last quarter. Finally, Triasima Portfolio Management inc. increased its stake in shares of O'Reilly Automotive by 45.0% in the first quarter. Triasima Portfolio Management inc. now owns 290 shares of the specialty retailer's stock valued at $415,000 after buying an additional 90 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O'Reilly Automotive Price Performance

ORLY stock traded up $0.75 during midday trading on Friday, hitting $92.34. The stock had a trading volume of 4,003,346 shares, compared to its average volume of 5,467,415. The firm has a market cap of $78.94 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.52 and a beta of 0.58. The company's 50-day moving average price is $90.67 and its 200 day moving average price is $89.27. O'Reilly Automotive, Inc. has a 12-month low of $69.33 and a 12-month high of $97.22.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Morgan Stanley reissued an "overweight" rating on shares of O'Reilly Automotive in a report on Thursday, April 24th. Mizuho boosted their price objective on O'Reilly Automotive from $93.33 to $96.33 and gave the company an "outperform" rating in a research report on Friday, April 25th. BMO Capital Markets boosted their price objective on O'Reilly Automotive from $96.67 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Finally, Wells Fargo & Company increased their price objective 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. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $94.38.

Insider Activity

In other news, Director John Raymond Murphy sold 3,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $91.93, for a total value of $275,800.00. Following the sale, the director owned 4,560 shares in the company, valued at approximately $419,216. This represents a 39.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Najera Jose A. Montellano sold 285 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were 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 90 days, insiders have sold 33,285 shares of company stock worth $3,022,386. 1.01% of the stock is currently owned by corporate insiders.

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.