Envestnet Asset Management Inc. decreased its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 14.5% during the second quarter, HoldingsChannel.com reports. The firm owned 122,800 shares of the specialty retailer’s stock after selling 20,834 shares during the period. Envestnet Asset Management Inc.’s holdings in O’Reilly Automotive were worth $45,352,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in O’Reilly Automotive by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 332,603 shares of the specialty retailer’s stock valued at $114,524,000 after buying an additional 1,646 shares during the period. Geode Capital Management LLC increased its stake in O’Reilly Automotive by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 1,121,559 shares of the specialty retailer’s stock worth $385,559,000 after purchasing an additional 100,713 shares in the last quarter. Raymond James Trust N.A. increased its stake in O’Reilly Automotive by 5.5% during the 1st quarter. Raymond James Trust N.A. now owns 1,821 shares of the specialty retailer’s stock worth $707,000 after purchasing an additional 95 shares in the last quarter. Pennsylvania Trust Co bought a new stake in O’Reilly Automotive during the 1st quarter worth approximately $466,000. Finally, Meeder Asset Management Inc. bought a new stake in O’Reilly Automotive during the 1st quarter worth approximately $109,000. 85.49% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. Royal Bank of Canada set a $428.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research cut O’Reilly Automotive from a “hold” rating to a “sell” rating and set a $427.00 target price for the company. in a research note on Friday, July 19th. Stephens lowered their target price on O’Reilly Automotive from $440.00 to $430.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Northcoast Research cut O’Reilly Automotive from a “buy” rating to a “neutral” rating in a research note on Thursday, June 27th. Finally, Goldman Sachs Group assumed coverage on O’Reilly Automotive in a research note on Thursday, July 11th. They set a “buy” rating and a $440.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $410.00.

Shares of ORLY traded up $6.21 during mid-day trading on Friday, hitting $381.64. 490,000 shares of the company’s stock were exchanged, compared to its average volume of 726,686. The company has a market cap of $28.27 billion, a PE ratio of 23.70, a P/E/G ratio of 1.49 and a beta of 0.73. O’Reilly Automotive Inc has a 52 week low of $314.14 and a 52 week high of $414.63. The company has a 50-day simple moving average of $384.16 and a 200 day simple moving average of $379.04. The company has a debt-to-equity ratio of 37.43, a current ratio of 0.85 and a quick ratio of 0.10.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.16). The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.61 billion. O’Reilly Automotive had a return on equity of 391.89% and a net margin of 13.69%. O’Reilly Automotive’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.28 earnings per share. On average, analysts anticipate that O’Reilly Automotive Inc will post 17.54 earnings per share for the current year.

In other news, Director John Raymond Murphy sold 528 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $361.05, for a total value of $190,634.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffrey Alan Lauro acquired 150 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $368.33 per share, with a total value of $55,249.50. Following the acquisition, the senior vice president now owns 422 shares in the company, valued at approximately $155,435.26. The disclosure for this purchase can be found here. Insiders have sold a total of 1,301 shares of company stock valued at $479,036 over the last ninety days. Company insiders own 2.52% of the company’s stock.

O’Reilly Automotive Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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