CVA Family Office LLC Sells 25 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

CVA Family Office LLC lessened its position in O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 22.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85 shares of the specialty retailer’s stock after selling 25 shares during the period. CVA Family Office LLC’s holdings in O’Reilly Automotive were worth $54,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tcwp LLC bought a new position in shares of O’Reilly Automotive in the 1st quarter valued at about $264,000. CIBC Asset Management Inc boosted its holdings in shares of O’Reilly Automotive by 2.2% during the 1st quarter. CIBC Asset Management Inc now owns 14,067 shares of the specialty retailer’s stock worth $9,635,000 after buying an additional 308 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of O’Reilly Automotive by 7.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 10,215 shares of the specialty retailer’s stock worth $6,996,000 after buying an additional 712 shares during the period. Parallel Advisors LLC boosted its holdings in shares of O’Reilly Automotive by 9.3% during the 1st quarter. Parallel Advisors LLC now owns 550 shares of the specialty retailer’s stock worth $383,000 after buying an additional 47 shares during the period. Finally, Veriti Management LLC boosted its holdings in shares of O’Reilly Automotive by 11.5% during the 1st quarter. Veriti Management LLC now owns 561 shares of the specialty retailer’s stock worth $384,000 after buying an additional 58 shares during the period. Institutional investors own 84.03% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ORLY shares. MKM Partners lifted their target price on shares of O’Reilly Automotive from $700.00 to $770.00 and gave the stock a “buy” rating in a report on Friday, July 29th. The Goldman Sachs Group lifted their target price on shares of O’Reilly Automotive from $667.00 to $745.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Wells Fargo & Company reduced their target price on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a report on Wednesday, June 8th. Morgan Stanley lifted their target price on shares of O’Reilly Automotive from $635.00 to $690.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 24th. Finally, Royal Bank of Canada cut their price objective on shares of O’Reilly Automotive from $806.00 to $795.00 in a report on Friday, July 29th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus target price of $758.43.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 7,145 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $700.00, for a total value of $5,001,500.00. Following the completion of the transaction, the chairman now directly owns 294,582 shares in the company, valued at approximately $206,207,400. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Chairman David E. Oreilly sold 7,145 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $700.00, for a total value of $5,001,500.00. Following the sale, the chairman now directly owns 294,582 shares of the company’s stock, valued at approximately $206,207,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Raymond Murphy sold 300 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $705.49, for a total transaction of $211,647.00. Following the completion of the sale, the director now directly owns 1,900 shares in the company, valued at $1,340,431. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,444 shares of company stock worth $37,192,687. 1.73% of the stock is currently owned by company insiders.

O’Reilly Automotive Price Performance

ORLY stock opened at $695.28 on Tuesday. The company has a 50 day simple moving average of $704.26 and a 200 day simple moving average of $672.33. The stock has a market cap of $44.03 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 1.76 and a beta of 0.99. O’Reilly Automotive, Inc. has a 1 year low of $562.90 and a 1 year high of $750.88.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.98 by ($0.20). The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. O’Reilly Automotive’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.33 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 31.61 EPS for the current fiscal year.

About O’Reilly Automotive

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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. 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.

Further Reading

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

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