Investors Sell Shares of O’Reilly Automotive Inc. (ORLY) on Strength (ORLY)
Traders sold shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) on strength during trading hours on Monday. $37.31 million flowed into the stock on the tick-up and $67.27 million flowed out of the stock on the tick-down, for a money net flow of $29.96 million out of the stock. Of all equities tracked, O’Reilly Automotive had the 0th highest net out-flow for the day. O’Reilly Automotive traded up $2.78 for the day and closed at $275.46
A number of equities research analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $310.00 target price (up from $280.00) on shares of O’Reilly Automotive in a research report on Wednesday, August 10th. Vetr downgraded O’Reilly Automotive from a “strong-buy” rating to a “buy” rating and set a $301.89 target price on the stock. in a research report on Tuesday, June 28th. Citigroup Inc. boosted their target price on O’Reilly Automotive from $310.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Susquehanna assumed coverage on O’Reilly Automotive in a research report on Thursday, August 25th. They issued a “positive” rating and a $343.00 target price on the stock. Finally, Zacks Investment Research upgraded O’Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $303.47.
The stock has a 50-day moving average of $283.30 and a 200 day moving average of $272.30. The stock has a market cap of $26.15 billion, a P/E ratio of 27.38 and a beta of 0.66.
O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 27th. The company reported $2.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.68 by $0.03. O’Reilly Automotive had a return on equity of 52.57% and a net margin of 12.02%. The business earned $2.18 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the business earned $2.29 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts expect that O’Reilly Automotive Inc. will post $10.74 EPS for the current year.
In other news, Director Rosalie Oreilly Wooten sold 10,000 shares of O’Reilly Automotive stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $290.20, for a total transaction of $2,902,000.00. Following the sale, the director now owns 154,092 shares of the company’s stock, valued at approximately $44,717,498.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Brad W. Beckham sold 4,000 shares of O’Reilly Automotive stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $285.49, for a total transaction of $1,141,960.00. Following the sale, the senior vice president now directly owns 4,338 shares in the company, valued at approximately $1,238,455.62. The disclosure for this sale can be found here. 3.37% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in ORLY. Proficio Capital Partners LLC raised its stake in O’Reilly Automotive by 9.8% in the second quarter. Proficio Capital Partners LLC now owns 359 shares of the company’s stock valued at $104,000 after buying an additional 32 shares during the last quarter. Bellwether Investment Group LLC purchased a new stake in O’Reilly Automotive during the second quarter valued at approximately $106,000. Invictus RG raised its stake in O’Reilly Automotive by 1.9% in the second quarter. Invictus RG now owns 493 shares of the company’s stock valued at $134,000 after buying an additional 9 shares during the last quarter. M&R Capital Management Inc. purchased a new stake in O’Reilly Automotive during the second quarter valued at approximately $135,000. Finally, SevenBridge Financial Group LLC purchased a new stake in O’Reilly Automotive during the second quarter valued at approximately $137,000. 89.70% of the stock is currently owned by hedge funds and other institutional investors.
About O’Reilly Automotive
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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