Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• Zurcher Kantonalbank increased its holdings in O'Reilly Automotive by 54.9%, acquiring an additional 6,428 shares, bringing its total shares to 18,141.
• Insiders have sold 33,285 shares of O'Reilly Automotive stock worth nearly $3 million in the past three months, indicating a significant reduction in ownership for some executives.
• Equities analysts have raised target prices on O'Reilly Automotive, with UBS Group and DA Davidson both setting new targets at $115.00, while the stock has a consensus rating of Buy.

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 54.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,141 shares of the specialty retailer's stock after acquiring an additional 6,428 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in O'Reilly Automotive were worth $25,988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank Pictet & Cie Europe AG grew its holdings in O'Reilly Automotive by 3.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock worth $41,848,000 after purchasing an additional 1,208 shares during the period. American Century Companies Inc. raised its position in O'Reilly Automotive by 2.9% in the fourth quarter. American Century Companies Inc. now owns 5,682 shares of the specialty retailer's stock worth $6,738,000 after acquiring an additional 160 shares during the period. Pictet Asset Management Holding SA raised its position in O'Reilly Automotive by 11.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,091 shares of the specialty retailer's stock worth $40,425,000 after acquiring an additional 3,474 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of O'Reilly Automotive by 0.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,938 shares of the specialty retailer's stock valued at $3,484,000 after purchasing an additional 23 shares during the period. Finally, Level Four Advisory Services LLC raised its position in shares of O'Reilly Automotive by 4.7% during the 4th quarter. Level Four Advisory Services LLC now owns 243 shares of the specialty retailer's stock valued at $288,000 after purchasing an additional 11 shares during the period. 85.00% of the stock is owned by institutional investors.

Insider Activity at O'Reilly Automotive

In other news, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the sale, the senior vice president directly owned 4,234 shares in the company, valued at $415,990.50. This represents a 87.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Najera Jose A. Montellano sold 285 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was 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. Over the last ninety days, insiders have sold 67,840 shares of company stock valued at $6,421,556. Insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ORLY shares. Mizuho raised their target price on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the company an "outperform" rating in a research note on Friday, April 25th. Wall Street Zen upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Guggenheim raised their target price on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating on shares of O'Reilly Automotive in a report on Thursday, April 24th. Finally, BMO Capital Markets boosted their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $102.22.

O'Reilly Automotive Trading Up 0.0%

Shares of ORLY stock traded up $0.02 during trading hours on Friday, hitting $98.34. The company's stock had a trading volume of 1,855,153 shares, compared to its average volume of 5,694,997. The company has a 50 day moving average of $91.83 and a 200 day moving average of $90.26. The stock has a market cap of $84.06 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. O'Reilly Automotive, Inc. has a 12-month low of $73.11 and a 12-month high of $100.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.55 earnings per share. As a group, analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal 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.