O'Reilly Automotive, Inc. $ORLY Stock Sold by Third View Private Wealth LLC

Key Points

• Third View Private Wealth cut its O’Reilly Automotive stake by 48.9% in the third quarter, selling 12,170 shares and retaining 12,717 shares valued at about $1.09 million.
• O’Reilly reported quarterly earnings of $0.97 per share, above the $0.93 analyst consensus, while revenue rose 8.8% year over year to $5.12 billion.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $108; shares opened at $89.99 in the article’s report.

Third View Private Wealth LLC decreased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 48.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,717 shares of the specialty retailer's stock after selling 12,170 shares during the quarter. Third View Private Wealth LLC's holdings in O'Reilly Automotive were worth $1,086,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ORLY. BlackRock Inc. bought a new stake in shares of O'Reilly Automotive during the second quarter worth $5,950,042,000. Bank of New York Mellon Corp purchased a new stake in shares of O'Reilly Automotive during the second quarter valued at $1,023,936,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of O'Reilly Automotive by 1.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,329,667 shares of the specialty retailer's stock worth $859,169,000 after purchasing an additional 141,915 shares during the last quarter. Amundi grew its holdings in shares of O'Reilly Automotive by 19.7% in the first quarter. Amundi now owns 8,497,984 shares of the specialty retailer's stock worth $784,449,000 after purchasing an additional 1,397,671 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in O'Reilly Automotive in the 2nd quarter worth about $721,747,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. TD Cowen decreased their price objective on shares of O'Reilly Automotive from $117.00 to $110.00 and set a "buy" rating for the company in a report on Friday, July 31st. Roth Capital restated a "buy" rating and issued a $111.00 target price (up from $109.00) on shares of O'Reilly Automotive in a research note on Friday, July 31st. Bank of America assumed coverage on shares of O'Reilly Automotive in a research report on Monday, October 26th. They set a "buy" rating and a $106.00 target price on the stock. UBS Group reaffirmed a "buy" rating and set a $122.00 price target (up from $120.00) on shares of O'Reilly Automotive in a research note on Thursday, October 29th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $110.00 price target (down from $115.00) on shares of O'Reilly Automotive in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, O'Reilly Automotive currently has an average rating of "Moderate Buy" and an average price target of $108.00.

O'Reilly Automotive Trading Down 0.8%

Shares of O'Reilly Automotive stock opened at $89.99 on Wednesday. The stock's fifty day moving average price is $87.21 and its 200-day moving average price is $90.49. The firm has a market cap of $72.80 billion, a P/E ratio of 27.60, a P/E/G ratio of 2.16 and a beta of 0.55. O'Reilly Automotive, Inc. has a 12 month low of $82.59 and a 12 month high of $102.46.

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

Insider Transactions at O'Reilly Automotive

In related news, Director Thomas Hendrickson sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $87.83, for a total value of $87,830.00. Following the completion of the transaction, the director owned 18,675 shares of the company's stock, valued at $1,640,225.25. The trade was a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Maria Sastre sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $91.85, for a total transaction of $183,700.00. Following the completion of the transaction, the director directly owned 14,970 shares of the company's stock, valued at $1,374,994.50. This trade represents a 11.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 6,000 shares of company stock valued at $550,530. Company insiders own 0.77% of the company's stock.

O'Reilly Automotive Company Profile

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.

Founded in 1957 by the O'Reilly family, the company began as a single store in Springfield, Missouri.

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