Headlands Technologies LLC Decreases Stock Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Headlands Technologies LLC trimmed its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 51.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,979 shares of the specialty retailer's stock after selling 2,058 shares during the period. Headlands Technologies LLC's holdings in O'Reilly Automotive were worth $1,880,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Groesbeck Investment Management Corp NJ raised its holdings in O'Reilly Automotive by 0.7% in the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer's stock valued at $1,306,000 after acquiring an additional 10 shares during the period. Lindbrook Capital LLC boosted its position in shares of O'Reilly Automotive by 3.9% during the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer's stock worth $251,000 after acquiring an additional 10 shares in the last quarter. Caprock Group LLC boosted its position in shares of O'Reilly Automotive by 2.4% during the 3rd quarter. Caprock Group LLC now owns 475 shares of the specialty retailer's stock worth $432,000 after acquiring an additional 11 shares in the last quarter. Western Pacific Wealth Management LP boosted its position in shares of O'Reilly Automotive by 11.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer's stock worth $96,000 after acquiring an additional 11 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in O'Reilly Automotive by 2.4% in the third quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer's stock valued at $418,000 after buying an additional 11 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John Raymond Murphy sold 269 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the sale, the director now owns 950 shares of the company's stock, valued at $987,316. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director John Raymond Murphy sold 269 shares of the company's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the sale, the director now owns 950 shares of the company's stock, valued at approximately $987,316. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 10,000 shares of the company's stock in a transaction that occurred on 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 directly owns 216,539 shares in the company, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Insiders have sold a total of 25,968 shares of company stock valued at $27,269,333 over the last quarter. Company insiders own 1.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ORLY. Evercore ISI cut their target price on shares of O'Reilly Automotive from $1,220.00 to $1,200.00 and set an "outperform" rating on the stock in a research report on Friday. The Goldman Sachs Group lifted their price target on shares of O'Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Wells Fargo & Company cut their price target on shares of O'Reilly Automotive from $1,300.00 to $1,200.00 and set an "overweight" rating on the stock in a report on Thursday. Wedbush reiterated a "neutral" rating and set a $1,100.00 price target on shares of O'Reilly Automotive in a report on Thursday. Finally, Mizuho started coverage on shares of O'Reilly Automotive in a research note on Tuesday, March 19th. They set a "buy" rating and a $1,225.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,106.31.

O'Reilly Automotive Stock Down 1.0 %

O'Reilly Automotive stock traded down $10.20 during midday trading on Friday, hitting $1,043.93. 335,739 shares of the stock were exchanged, compared to its average volume of 330,021. O'Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The stock has a market capitalization of $61.62 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.91 and a beta of 0.86. The business's 50-day moving average price is $1,097.20 and its 200-day moving average price is $1,016.90.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating analysts' consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $3.99 billion. O'Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $8.28 earnings per share. On average, sell-side analysts predict that O'Reilly Automotive, Inc. will post 41.79 earnings per share for the current fiscal year.

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.