O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc has reduced its stake in O'Reilly Automotive by 2.0%, now holding approximately 164,291 shares valued at $235.36 million.
• Several brokerage firms have raised their price targets for O'Reilly Automotive, with Citigroup increasing its target from $104 to $114 and issuing a "buy" rating.
• O'Reilly Automotive reported earnings of $0.78 per share for the recent quarter, meeting expectations, while revenue increased by 5.9% year-over-year to $4.53 billion.

TD Asset Management Inc lowered its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 2.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 164,291 shares of the specialty retailer's stock after selling 3,369 shares during the period. TD Asset Management Inc owned 0.29% of O'Reilly Automotive worth $235,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. HB Wealth Management LLC boosted its stake in shares of O'Reilly Automotive by 135.7% in the 1st quarter. HB Wealth Management LLC now owns 4,937 shares of the specialty retailer's stock worth $7,073,000 after buying an additional 2,842 shares during the last quarter. Mediolanum International Funds Ltd boosted its stake in shares of O'Reilly Automotive by 7.5% in the 1st quarter. Mediolanum International Funds Ltd now owns 1,827 shares of the specialty retailer's stock worth $2,573,000 after buying an additional 128 shares during the last quarter. Angeles Wealth Management LLC boosted its stake in shares of O'Reilly Automotive by 11.1% in the 1st quarter. Angeles Wealth Management LLC now owns 210 shares of the specialty retailer's stock worth $301,000 after buying an additional 21 shares during the last quarter. DE Burlo Group Inc. boosted its stake in shares of O'Reilly Automotive by 10.8% in the 1st quarter. DE Burlo Group Inc. now owns 26,880 shares of the specialty retailer's stock worth $38,508,000 after buying an additional 2,630 shares during the last quarter. Finally, First Heartland Consultants Inc. boosted its stake in shares of O'Reilly Automotive by 1.3% in the 1st quarter. First Heartland Consultants Inc. now owns 1,261 shares of the specialty retailer's stock worth $1,806,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ORLY. Morgan Stanley reiterated an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. DA Davidson lifted their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Barclays reissued 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. Evercore ISI boosted their target price on O'Reilly Automotive from $97.00 to $107.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, UBS Group boosted their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $102.22.

O'Reilly Automotive Price Performance

NASDAQ:ORLY traded up $0.05 during mid-day trading on Wednesday, hitting $98.95. The company's stock had a trading volume of 1,961,644 shares, compared to its average volume of 5,700,414. O'Reilly Automotive, Inc. has a 1 year low of $73.11 and a 1 year high of $100.60. The stock has a market cap of $84.59 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 2.58 and a beta of 0.58. The business's fifty day moving average is $91.52 and its two-hundred day moving average is $90.07.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted 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. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the company posted $10.55 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. Analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Activity

In other news, Director John Raymond Murphy sold 3,000 shares of O'Reilly Automotive 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 sale, the director owned 4,560 shares of the company's stock, valued at approximately $419,216. The trade was a 39.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Najera Jose A. Montellano sold 285 shares of O'Reilly Automotive stock in a transaction that occurred on 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. Insiders sold 33,285 shares of company stock worth $3,022,386 over the last ninety days. Corporate insiders own 1.01% of the company's stock.

About O'Reilly Automotive

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.