Sumitomo Mitsui Trust Group Inc. Cuts Stock Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Sumitomo Mitsui Trust Group Inc. trimmed its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 2.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,183 shares of the specialty retailer's stock after selling 4,118 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of O'Reilly Automotive worth $209,419,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ORLY. Vista Investment Partners II LLC grew its holdings in O'Reilly Automotive by 8.2% during the first quarter. Vista Investment Partners II LLC now owns 3,140 shares of the specialty retailer's stock worth $4,498,000 after purchasing an additional 237 shares during the period. TCV Trust & Wealth Management Inc. boosted its position in O'Reilly Automotive by 1.6% during the first quarter. TCV Trust & Wealth Management Inc. now owns 8,488 shares of the specialty retailer's stock worth $12,160,000 after purchasing an additional 130 shares during the period. 3Chopt Investment Partners LLC bought a new position in O'Reilly Automotive in the 1st quarter valued at about $1,115,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in O'Reilly Automotive by 14.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,382 shares of the specialty retailer's stock worth $30,118,000 after purchasing an additional 2,709 shares during the last quarter. Finally, Paragon Capital Management Inc. boosted its position in shares of O'Reilly Automotive by 20.6% in the first quarter. Paragon Capital Management Inc. now owns 1,877 shares of the specialty retailer's stock valued at $2,689,000 after acquiring an additional 321 shares during the period. 85.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ORLY. Morgan Stanley reiterated an "overweight" rating on shares of O'Reilly Automotive in a research note on Thursday, April 24th. Guggenheim reiterated a "buy" rating and set a $98.33 target price on shares of O'Reilly Automotive in a research report on Monday, March 10th. BMO Capital Markets increased their target price on O'Reilly Automotive from $96.67 to $100.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $98.00 price objective on shares of O'Reilly Automotive in a research report on Wednesday. Finally, Wall Street Zen raised shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $94.38.

Insiders Place Their Bets

In other news, SVP Najera Jose A. Montellano sold 285 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Raymond Murphy sold 3,000 shares of O'Reilly Automotive stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $91.93, for a total value of $275,800.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,285 shares of company stock worth $3,022,386. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock traded down $1.21 during midday trading on Wednesday, reaching $89.29. The company had a trading volume of 2,670,631 shares, compared to its average volume of 5,496,813. The stock has a fifty day moving average price of $90.77 and a 200 day moving average price of $88.29. O'Reilly Automotive, Inc. has a fifty-two week low of $67.55 and a fifty-two week high of $97.22. The firm has a market cap of $76.33 billion, a PE ratio of 32.82, a P/E/G ratio of 2.46 and a beta of 0.58.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $0.62 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast 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.