Ardevora Asset Management LLP Sells 7,973 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Ardevora Asset Management LLP trimmed its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 42.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,754 shares of the specialty retailer's stock after selling 7,973 shares during the quarter. Ardevora Asset Management LLP's holdings in O'Reilly Automotive were worth $10,217,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of O'Reilly Automotive during the fourth quarter valued at about $568,266,000. International Assets Investment Management LLC raised its stake in shares of O'Reilly Automotive by 89,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer's stock valued at $621,025,000 after purchasing an additional 652,924 shares in the last quarter. Morgan Stanley raised its position in O'Reilly Automotive by 113.8% in the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer's stock worth $1,007,597,000 after acquiring an additional 635,416 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in O'Reilly Automotive by 101,509.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer's stock worth $448,531,000 after acquiring an additional 530,893 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in O'Reilly Automotive by 128.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer's stock worth $470,900,000 after acquiring an additional 386,822 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a research report on Tuesday, April 16th. UBS Group lifted their target price on O'Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a "buy" rating in a research note on Wednesday. Evercore ISI lowered their target price on O'Reilly Automotive from $1,240.00 to $1,220.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 16th. Wedbush boosted their price target on O'Reilly Automotive from $940.00 to $1,100.00 and gave the company a "neutral" rating in a research note on Thursday, February 8th. Finally, Mizuho initiated coverage on O'Reilly Automotive in a research note on Tuesday, March 19th. They issued a "buy" rating and a $1,225.00 price target for the company. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, O'Reilly Automotive currently has an average rating of "Moderate Buy" and a consensus price target of $1,115.19.

O'Reilly Automotive Price Performance

Shares of ORLY stock traded down $10.12 during trading hours on Friday, hitting $1,090.94. 316,382 shares of the company's stock were exchanged, compared to its average volume of 293,446. The stock's 50-day moving average is $1,093.98 and its 200-day moving average is $1,011.11. The stock has a market cap of $64.40 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86. O'Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly 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 business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the firm posted $8.37 earnings per share. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts forecast that O'Reilly Automotive, Inc. will post 42.09 earnings per share for the current fiscal year.

Insider Activity

In other O'Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the transaction, the chief financial officer now owns 2,335 shares of the company's stock, valued at $2,400,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman David E. Oreilly sold 10,000 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the sale, the chairman now owns 216,539 shares of the company's stock, valued at $228,141,159.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the sale, the chief financial officer now directly owns 2,335 shares in the company, valued at approximately $2,400,380. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock valued at $27,269,333 over the last 90 days. 1.55% of the stock is owned by company insiders.

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.