O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. reduced its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 43.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,127 shares of the specialty retailer's stock after selling 2,366 shares during the quarter. Desjardins Global Asset Management Inc.'s holdings in O'Reilly Automotive were worth $2,971,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ORLY. Cibc World Market Inc. raised its position in O'Reilly Automotive by 305.4% in the 1st quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer's stock valued at $2,213,000 after buying an additional 2,434 shares during the last quarter. Sei Investments Co. boosted its stake in O'Reilly Automotive by 51.3% in the 1st quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer's stock worth $10,894,000 after purchasing an additional 5,376 shares during the period. Prudential PLC bought a new position in O'Reilly Automotive in the 1st quarter worth about $1,847,000. Cetera Investment Advisers boosted its stake in O'Reilly Automotive by 48.9% in the 1st quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer's stock worth $1,343,000 after purchasing an additional 644 shares during the period. Finally, Moors & Cabot Inc. boosted its stake in O'Reilly Automotive by 11.4% in the 1st quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer's stock worth $262,000 after purchasing an additional 39 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on ORLY shares. Wells Fargo & Company raised their target price on O'Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an "overweight" rating in a research note on Monday, March 25th. Mizuho assumed coverage on O'Reilly Automotive in a research note on Tuesday, March 19th. They issued a "buy" rating and a $1,225.00 target price for the company. Royal Bank of Canada lifted their price target on O'Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. Wedbush lifted their price target on O'Reilly Automotive from $940.00 to $1,100.00 and gave the company a "neutral" rating in a research report on Thursday, February 8th. Finally, Barclays lifted their price target on O'Reilly Automotive from $954.00 to $986.00 and gave the company an "equal weight" rating in a research report on Thursday, January 4th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,089.59.

O'Reilly Automotive Stock Up 1.9 %

Shares of ORLY traded up $20.24 during mid-day trading on Tuesday, hitting $1,089.51. 535,208 shares of the company's stock traded hands, compared to its average volume of 368,148. O'Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The firm has a market capitalization of $64.31 billion, a P/E ratio of 28.31, a PEG ratio of 1.95 and a beta of 0.86. The business's 50-day moving average price is $1,090.52 and its 200-day moving average price is $1,006.87.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.07 by $0.19. O'Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.86 billion. During the same period in the previous year, the firm earned $8.37 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 42.09 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Doug D. Bragg sold 1,218 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the sale, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Doug D. Bragg sold 1,218 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the sale, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total value of $1,500,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,468 shares of company stock valued at $28,769,333. Company insiders own 1.18% of the company's stock.

About O'Reilly Automotive

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.