Sentry Investment Management LLC Trims Holdings in O’Reilly Automotive Inc (ORLY)

Sentry Investment Management LLC reduced its holdings in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 14.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,776 shares of the specialty retailer’s stock after selling 825 shares during the period. Sentry Investment Management LLC’s holdings in O’Reilly Automotive were worth $1,659,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CENTRAL TRUST Co boosted its position in shares of O’Reilly Automotive by 0.3% in the third quarter. CENTRAL TRUST Co now owns 44,479 shares of the specialty retailer’s stock worth $15,449,000 after purchasing an additional 154 shares during the period. Acropolis Investment Management LLC boosted its position in shares of O’Reilly Automotive by 10.6% during the third quarter. Acropolis Investment Management LLC now owns 1,646 shares of the specialty retailer’s stock worth $572,000 after acquiring an additional 158 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of O’Reilly Automotive by 4.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,471 shares of the specialty retailer’s stock worth $950,000 after acquiring an additional 160 shares during the last quarter. Levin Capital Strategies L.P. boosted its position in shares of O’Reilly Automotive by 10.1% during the third quarter. Levin Capital Strategies L.P. now owns 1,741 shares of the specialty retailer’s stock worth $605,000 after acquiring an additional 160 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of O’Reilly Automotive by 2.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,243 shares of the specialty retailer’s stock worth $1,709,000 after acquiring an additional 166 shares during the last quarter. 85.98% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Scott E. Kraus sold 5,000 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $325.00, for a total value of $1,625,000.00. Following the sale, the senior vice president now owns 6,479 shares of the company’s stock, valued at $2,105,675. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman David E. Oreilly sold 27,500 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $320.78, for a total transaction of $8,821,450.00. Following the completion of the sale, the chairman now directly owns 114,815 shares in the company, valued at approximately $36,830,355.70. The disclosure for this sale can be found here. Insiders have sold 66,561 shares of company stock valued at $21,711,903 in the last quarter. 3.12% of the stock is owned by company insiders.

A number of brokerages recently weighed in on ORLY. BidaskClub upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley upped their target price on shares of O’Reilly Automotive from $345.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Jefferies Financial Group upped their target price on shares of O’Reilly Automotive from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. Wells Fargo & Co upped their target price on shares of O’Reilly Automotive from $345.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. Finally, Wolfe Research lowered shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research report on Friday, October 26th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. O’Reilly Automotive has an average rating of “Buy” and a consensus price target of $340.63.

ORLY stock opened at $354.74 on Friday. O’Reilly Automotive Inc has a 52 week low of $210.04 and a 52 week high of $356.26. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.91 and a quick ratio of 0.11. The firm has a market cap of $27.56 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 1.35 and a beta of 1.07.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $4.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.31 by $0.19. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.49 billion. Research analysts anticipate that O’Reilly Automotive Inc will post 16.1 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Sentry Investment Management LLC Trims Holdings in O’Reilly Automotive Inc (ORLY)” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/11/10/sentry-investment-management-llc-trims-holdings-in-oreilly-automotive-inc-orly.html.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

Featured Story: What is dollar cost averaging (DCA)?

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive Inc (NASDAQ:ORLY).

Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply