Skandinaviska Enskilda Banken AB publ Has $32.13 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Skandinaviska Enskilda Banken AB publ trimmed its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 50.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,430 shares of the specialty retailer’s stock after selling 31,193 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.05% of O’Reilly Automotive worth $32,129,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC lifted its holdings in O’Reilly Automotive by 7.0% during the 2nd quarter. AE Wealth Management LLC now owns 960 shares of the specialty retailer’s stock valued at $1,014,000 after purchasing an additional 63 shares during the last quarter. King Luther Capital Management Corp raised its stake in shares of O’Reilly Automotive by 1.2% in the second quarter. King Luther Capital Management Corp now owns 147,721 shares of the specialty retailer’s stock valued at $156,002,000 after acquiring an additional 1,751 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of O’Reilly Automotive by 23.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 81,783 shares of the specialty retailer’s stock worth $86,368,000 after acquiring an additional 15,703 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in O’Reilly Automotive by 12.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,507 shares of the specialty retailer’s stock worth $2,648,000 after acquiring an additional 283 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in O’Reilly Automotive by 4.2% during the 2nd quarter. Ieq Capital LLC now owns 5,230 shares of the specialty retailer’s stock valued at $5,523,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 1.5 %

ORLY opened at $1,115.65 on Friday. The firm’s fifty day simple moving average is $1,109.88 and its 200 day simple moving average is $1,072.23. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The stock has a market capitalization of $64.72 billion, a P/E ratio of 28.32, a P/E/G ratio of 2.13 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 the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.22 EPS. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Dana Perlman sold 48 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the sale, the chairman now owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock valued at $56,846,062 over the last ninety days. 1.55% of the stock is currently owned by company insiders.

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.