American Century Companies Inc. Cuts Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

American Century Companies Inc. lowered its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 66.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,733 shares of the specialty retailer’s stock after selling 11,367 shares during the period. American Century Companies Inc.’s holdings in O’Reilly Automotive were worth $6,054,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC purchased a new position in O’Reilly Automotive in the first quarter worth $36,000. Indiana Trust & Investment Management CO boosted its position in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 26 shares during the last quarter. Riverview Trust Co purchased a new position in O’Reilly Automotive in the first quarter worth $41,000. Crewe Advisors LLC purchased a new position in O’Reilly Automotive in the first quarter worth $43,000. Finally, Kings Path Partners LLC purchased a new position in shares of O’Reilly Automotive during the 2nd quarter valued at $44,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 0.8 %

Shares of NASDAQ ORLY opened at $1,129.22 on Wednesday. The firm has a market capitalization of $65.51 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.15 and a beta of 0.92. The stock’s 50-day simple moving average is $1,114.52 and its two-hundred day simple moving average is $1,072.87. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month 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 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. O’Reilly Automotive’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $10.22 earnings per share. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Insider Activity

In other news, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares in the company, valued at approximately $15,049,409.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares in the company, valued at approximately $15,049,409.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now owns 5,016 shares in the company, valued at $5,698,978.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ORLY has been the topic of a number of recent research reports. Bank of America upped their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Evercore ISI upped their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. DA Davidson upped their price target on 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. Royal Bank of Canada dropped their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Finally, UBS Group dropped their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $1,144.06.

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.