Thomas Story & Son LLC Sells 3,058 Shares of O’Reilly Automotive Inc (NASDAQ:ORLY)

Thomas Story & Son LLC lowered its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 9.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,535 shares of the specialty retailer’s stock after selling 3,058 shares during the quarter. O’Reilly Automotive comprises approximately 5.9% of Thomas Story & Son LLC’s holdings, making the stock its 4th largest holding. Thomas Story & Son LLC’s holdings in O’Reilly Automotive were worth $11,371,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. National Pension Service grew its holdings in shares of O’Reilly Automotive by 4.8% in the 2nd quarter. National Pension Service now owns 111,202 shares of the specialty retailer’s stock valued at $41,069,000 after acquiring an additional 5,141 shares in the last quarter. Pennsylvania Trust Co bought a new position in O’Reilly Automotive during the third quarter worth about $213,000. Deane Retirement Strategies Inc. grew its holdings in O’Reilly Automotive by 1.3% during the second quarter. Deane Retirement Strategies Inc. now owns 5,524 shares of the specialty retailer’s stock worth $2,040,000 after purchasing an additional 73 shares during the period. Profund Advisors LLC grew its holdings in O’Reilly Automotive by 11.8% during the second quarter. Profund Advisors LLC now owns 7,144 shares of the specialty retailer’s stock worth $2,638,000 after purchasing an additional 753 shares during the period. Finally, Investec Asset Management North America Inc. grew its holdings in O’Reilly Automotive by 24.1% during the second quarter. Investec Asset Management North America Inc. now owns 4,185 shares of the specialty retailer’s stock worth $1,546,000 after purchasing an additional 812 shares during the period. 85.86% of the stock is currently owned by institutional investors.

A number of research firms recently commented on ORLY. Citigroup cut O’Reilly Automotive from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $441.00 to $430.00 in a report on Friday, September 13th. Nomura initiated coverage on shares of O’Reilly Automotive in a research report on Thursday. They set a “neutral” rating and a $1,250.00 price objective for the company. Royal Bank of Canada set a $465.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, October 25th. Raymond James initiated coverage on shares of O’Reilly Automotive in a research report on Monday, October 7th. They set a “market perform” rating and a $430.00 price objective for the company. Finally, Stephens cut their price objective on shares of O’Reilly Automotive from $440.00 to $430.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $489.53.

In related news, SVP Jason Lee Tarrant sold 651 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $370.69, for a total transaction of $241,319.19. Following the sale, the senior vice president now owns 1,941 shares of the company’s stock, valued at approximately $719,509.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay D. Burchfield sold 1,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $381.08, for a total value of $381,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,958 shares of company stock worth $29,272,722. Company insiders own 2.52% of the company’s stock.

Shares of NASDAQ ORLY traded down $1.03 during midday trading on Friday, reaching $439.23. The company’s stock had a trading volume of 256,400 shares, compared to its average volume of 613,447. The business’s 50 day moving average price is $410.60 and its two-hundred day moving average price is $388.03. The company has a market cap of $33.19 billion, a P/E ratio of 27.28, a P/E/G ratio of 1.71 and a beta of 0.70. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.08 and a current ratio of 0.81. O’Reilly Automotive Inc has a fifty-two week low of $326.71 and a fifty-two week high of $446.78.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $5.08 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $0.29. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.64 billion. O’Reilly Automotive had a net margin of 13.69% and a return on equity of 527.13%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.50 EPS. Sell-side analysts forecast that O’Reilly Automotive Inc will post 17.9 earnings per share for the current fiscal year.

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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

See Also: What is basic economics?

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