Gabelli Funds LLC Trims Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Gabelli Funds LLC trimmed its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,250 shares of the specialty retailer’s stock after selling 4,900 shares during the quarter. O’Reilly Automotive makes up 0.7% of Gabelli Funds LLC’s portfolio, making the stock its 25th biggest holding. Gabelli Funds LLC owned approximately 0.14% of O’Reilly Automotive worth $87,917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ORLY. Pinnacle Associates Ltd. lifted its stake in shares of O’Reilly Automotive by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after purchasing an additional 10 shares during the period. Industrial Alliance Investment Management Inc. grew its holdings in O’Reilly Automotive by 2.6% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after buying an additional 10 shares during the period. Marcum Wealth LLC grew its holdings in O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after buying an additional 10 shares during the period. Ausdal Financial Partners Inc. lifted its holdings in shares of O’Reilly Automotive by 2.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after acquiring an additional 10 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in shares of O’Reilly Automotive by 3.7% in the first quarter. Arkadios Wealth Advisors now owns 306 shares of the specialty retailer’s stock worth $345,000 after acquiring an additional 11 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Dana Perlman sold 48 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock worth $56,846,062 over the last ninety days. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $1,109.05 on Friday. The firm has a fifty day moving average of $1,111.26 and a two-hundred day moving average of $1,072.40. The firm has a market cap of $64.34 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the company earned $10.22 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ORLY. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Royal Bank of Canada lowered their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Bank of America raised their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. DA Davidson raised their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Evercore ISI boosted their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,144.06.

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.