O'Reilly Automotive, Inc. $ORLY Stock: AEGON ASSET MANAGEMENT UK Plc Trims Holdings

Key Points

• AEGON Asset Management UK cut its O’Reilly Automotive stake by 39% in the third quarter, selling 83,862 shares and retaining 131,191 shares valued at about $11.2 million.
• O’Reilly reported quarterly EPS of $0.97, beating the $0.93 consensus, while revenue of $5.12 billion also topped estimates and rose 8.8% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $108; company insiders also sold about $14.1 million in shares over the quarter.

AEGON ASSET MANAGEMENT UK Plc decreased its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 39.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 131,191 shares of the specialty retailer's stock after selling 83,862 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in O'Reilly Automotive were worth $11,205,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Kelleher Financial Advisors acquired a new stake in shares of O'Reilly Automotive during the second quarter worth approximately $28,000. Fiduciary Financial Advisors bought a new position in shares of O'Reilly Automotive in the second quarter valued at approximately $28,000. Bell Investment Advisors Inc bought a new position in shares of O'Reilly Automotive in the second quarter valued at approximately $29,000. MidFirst Bank acquired a new position in shares of O'Reilly Automotive in the 2nd quarter worth approximately $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of O'Reilly Automotive in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 85.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ORLY shares. The Goldman Sachs Group restated a "conviction-buy" rating and set a $104.00 price target on shares of O'Reilly Automotive in a research report on Friday, October 30th. Morgan Stanley cut their price objective on O'Reilly Automotive from $112.00 to $108.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. Roth Capital reiterated a "buy" rating and issued a $111.00 price objective (up from $109.00) on shares of O'Reilly Automotive in a research report on Friday, July 31st. UBS Group reissued a "buy" rating and issued a $122.00 price objective (up from $120.00) on shares of O'Reilly Automotive in a research note on Thursday, October 29th. Finally, Sanford C. Bernstein started coverage on O'Reilly Automotive in a report on Tuesday, September 29th. They set a "market perform" rating and a $94.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, O'Reilly Automotive has a consensus rating of "Moderate Buy" and a consensus target price of $108.00.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock opened at $89.79 on Tuesday. The firm has a market cap of $72.64 billion, a P/E ratio of 27.54, a P/E/G ratio of 2.19 and a beta of 0.55. The firm has a 50 day simple moving average of $87.36 and a 200 day simple moving average of $90.39. O'Reilly Automotive, Inc. has a fifty-two week low of $82.59 and a fifty-two week high of $102.46.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.02 billion. O'Reilly Automotive had a negative return on equity of 188.24% and a net margin of 14.27%. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. On average, sell-side analysts expect that O'Reilly Automotive, Inc. will post 3.31 EPS for the current year.

Insider Activity at O'Reilly Automotive

In related news, Director Maria Sastre sold 1,200 shares of the firm's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $91.72, for a total value of $110,064.00. Following the transaction, the director owned 13,770 shares in the company, valued at $1,262,984.40. This trade represents a 8.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gregory L. Henslee sold 138,705 shares of O'Reilly Automotive stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $91.75, for a total value of $12,726,183.75. Following the completion of the sale, the chairman owned 241,950 shares of the company's stock, valued at approximately $22,198,912.50. The trade was a 36.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 153,655 shares of company stock valued at $14,085,983 over the last quarter. 0.77% of the stock is currently owned by corporate insiders.

O'Reilly Automotive Profile

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops.

The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers.

Founded in 1957 by Charles F.

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