Intech Investment Management LLC Has $16.38 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Intech Investment Management LLC reduced its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 25.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,511 shares of the specialty retailer’s stock after selling 5,312 shares during the period. Intech Investment Management LLC’s holdings in O’Reilly Automotive were worth $16,381,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORLY. Gilbert & Cook Inc. increased its stake in shares of O’Reilly Automotive by 7.3% in the 4th quarter. Gilbert & Cook Inc. now owns 1,257 shares of the specialty retailer’s stock valued at $1,194,000 after buying an additional 86 shares during the period. Brown Advisory Inc. grew its stake in shares of O’Reilly Automotive by 4.6% during the fourth quarter. Brown Advisory Inc. now owns 1,538 shares of the specialty retailer’s stock worth $1,461,000 after purchasing an additional 67 shares during the period. Clearbridge Investments LLC acquired a new stake in shares of O’Reilly Automotive during the fourth quarter worth $498,000. D.A. Davidson & CO. grew its stake in shares of O’Reilly Automotive by 11.3% during the fourth quarter. D.A. Davidson & CO. now owns 2,621 shares of the specialty retailer’s stock worth $2,490,000 after purchasing an additional 266 shares during the period. Finally, CreativeOne Wealth LLC grew its stake in shares of O’Reilly Automotive by 5.3% during the fourth quarter. CreativeOne Wealth LLC now owns 397 shares of the specialty retailer’s stock worth $377,000 after purchasing an additional 20 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ORLY shares. Wells Fargo & Company lifted their price objective on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. UBS Group decreased their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. DA Davidson lifted their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada reduced their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, Evercore ISI lifted their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,144.06.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,115.65 on Friday. The firm has a market cap of $64.72 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. The stock’s 50-day moving average is $1,109.88 and its 200-day moving average is $1,072.23. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter last year, the firm earned $10.22 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts expect that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

Insider Buying and Selling

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,411 shares of company stock worth $56,846,062. Corporate insiders own 1.55% 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.