O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Long Road Investment Counsel LLC

Long Road Investment Counsel LLC cut its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,321 shares of the specialty retailer’s stock after selling 405 shares during the quarter. O’Reilly Automotive accounts for about 10.7% of Long Road Investment Counsel LLC’s portfolio, making the stock its largest holding. Long Road Investment Counsel LLC’s holdings in O’Reilly Automotive were worth $24,628,000 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 the company. Rise Advisors LLC bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at approximately $36,000. Indiana Trust & Investment Management CO grew its holdings in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Riverview Trust Co bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at approximately $41,000. Crewe Advisors LLC bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at approximately $43,000. Finally, Kings Path Partners LLC bought a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at approximately $44,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,109.05 on Friday. The firm’s fifty day moving average is $1,111.26 and its 200-day moving average is $1,072.40. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. 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 (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (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 company 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 firm earned $10.22 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In related news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction on 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 owns 5,016 shares in the company, valued at approximately $5,698,978.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were 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 in the company, valued at approximately $296,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction on 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 owns 5,016 shares in the company, valued at approximately $5,698,978.56. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock worth $56,846,062 in the last quarter. Company insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several research reports. Wells Fargo & Company lifted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Royal Bank of Canada reduced their target price on shares of 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. Bank of America boosted their target price on shares of 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 boosted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, UBS Group reduced their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently 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.