Dana Investment Advisors Inc. Cuts Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Dana Investment Advisors Inc. lessened its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,581 shares of the specialty retailer’s stock after selling 19 shares during the quarter. Dana Investment Advisors Inc.’s holdings in O’Reilly Automotive were worth $4,838,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ORLY. Wellington Management Group LLP lifted its holdings in O’Reilly Automotive by 656.2% during the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after buying an additional 397,108 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after purchasing an additional 376,167 shares during the period. Public Employees Retirement Association of Colorado grew its stake in O’Reilly Automotive by 4,574.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 129,145 shares of the specialty retailer’s stock worth $122,698,000 after purchasing an additional 126,382 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $108,456,000. Finally, CCLA Investment Management acquired a new stake in O’Reilly Automotive in the 1st quarter valued at about $95,481,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 0.9 %

NASDAQ:ORLY opened at $1,161.99 on Wednesday. The company has a market capitalization of $68.43 billion, a PE ratio of 29.49, a P/E/G ratio of 2.14 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The stock’s 50 day moving average price is $1,125.35 and its 200 day moving average price is $1,074.63.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 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 business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter last year, the company earned $10.22 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on ORLY. Evercore ISI boosted their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. DA Davidson boosted their price target 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. Bank of America increased their price objective on shares of 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. Royal Bank of Canada decreased their price objective on shares of 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. Finally, Wells Fargo & Company increased their target price on 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. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,144.06.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock worth $56,846,062 over the last three months. 1.55% of the stock is currently owned by corporate 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.