L. Roy Papp & Associates LLP Sells 782 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

L. Roy Papp & Associates LLP lowered its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,299 shares of the specialty retailer’s stock after selling 782 shares during the quarter. O’Reilly Automotive makes up approximately 3.5% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 6th largest position. L. Roy Papp & Associates LLP’s holdings in O’Reilly Automotive were worth $27,836,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC acquired a new stake in shares of O’Reilly Automotive in the second quarter valued at about $25,000. Steward Financial Group LLC grew its holdings in O’Reilly Automotive by 141.7% during the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 17 shares during the period. Ancora Advisors LLC bought a new position in O’Reilly Automotive during the fourth quarter worth about $30,000. Householder Group Estate & Retirement Specialist LLC bought a new position in O’Reilly Automotive during the third quarter worth about $34,000. Finally, Carmel Capital Partners LLC grew its holdings in O’Reilly Automotive by 1,750.0% during the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

ORLY traded down $6.64 during trading on Friday, hitting $1,128.88. 292,987 shares of the stock traded hands, compared to its average volume of 328,250. O’Reilly Automotive, Inc. has a twelve month low of $821.61 and a twelve month high of $1,169.11. The company has a market cap of $66.65 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.06 and a beta of 0.86. The business has a 50 day moving average price of $1,072.14 and a 200 day moving average price of $989.80.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, beating the consensus estimate of $9.07 by $0.19. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the previous year, the business earned $8.37 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,335 shares in the company, valued at $2,400,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,335 shares in the company, valued at $2,400,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The disclosure for this sale can be found here. Insiders sold a total of 27,468 shares of company stock worth $28,769,333 over the last three months. Corporate insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ORLY. Mizuho began coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target for the company. The Goldman Sachs Group lifted their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Royal Bank of Canada lifted their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Evercore ISI boosted their price objective on O’Reilly Automotive from $1,200.00 to $1,235.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,085.47.

O’Reilly Automotive 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.