US Bancorp DE Reduces Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• US Bancorp DE has reduced its stake in O'Reilly Automotive by 7.2%, holding approximately $53.55 million worth of shares as of the last quarter.
• Research firms have given O'Reilly Automotive an average rating of "Buy", with target prices ranging from $86.00 to $110.00.
• In insider activity, two senior vice presidents sold a combined total of 59,505 shares recently, indicating significant shifts in their holdings.

US Bancorp DE lessened its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,377 shares of the specialty retailer's stock after selling 2,894 shares during the quarter. US Bancorp DE owned about 0.07% of O'Reilly Automotive worth $53,546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in O'Reilly Automotive by 175,115.6% during the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after buying an additional 1,821,202 shares in the last quarter. FMR LLC raised its holdings in shares of O'Reilly Automotive by 0.8% in the 4th quarter. FMR LLC now owns 1,443,540 shares of the specialty retailer's stock valued at $1,711,750,000 after buying an additional 11,039 shares during the period. Invesco Ltd. raised its holdings in shares of O'Reilly Automotive by 6.2% in the 4th quarter. Invesco Ltd. now owns 799,848 shares of the specialty retailer's stock valued at $948,460,000 after buying an additional 46,979 shares during the period. Northern Trust Corp raised its holdings in shares of O'Reilly Automotive by 16.9% in the 4th quarter. Northern Trust Corp now owns 651,966 shares of the specialty retailer's stock valued at $773,101,000 after buying an additional 94,457 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in O'Reilly Automotive by 33.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after purchasing an additional 147,904 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

NASDAQ:ORLY traded up $2.16 during trading hours on Wednesday, reaching $104.39. 3,903,491 shares of the company traded hands, compared to its average volume of 5,681,410. O'Reilly Automotive, Inc. has a 1-year low of $73.11 and a 1-year high of $104.18. The firm's 50-day moving average is $92.40 and its 200-day moving average is $90.75. The stock has a market cap of $89.24 billion, a P/E ratio of 37.27, a P/E/G ratio of 2.69 and a beta of 0.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data 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 negative return on equity of 181.53% and a net margin of 14.15%. The business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter last year, the firm earned $10.55 earnings per share. The business's revenue was up 5.9% on a year-over-year basis. As a group, research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Transactions at O'Reilly Automotive

In related news, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares of the company's stock, valued at approximately $415,990.50. This trade represents a 87.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Najera Jose A. Montellano sold 285 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,840 shares of company stock valued at $6,421,556. Corporate insiders own 1.01% of the company's stock.

Analyst Upgrades and Downgrades

ORLY has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Mizuho upped their target price 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. Wells Fargo & Company upped their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Citigroup upped their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. increased their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, O'Reilly Automotive has a consensus rating of "Buy" and an average target price of $102.22.

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.