Keybank National Association OH Lowers Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Keybank National Association OH lessened its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 11.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,059 shares of the specialty retailer’s stock after selling 268 shares during the period. Keybank National Association OH’s holdings in O’Reilly Automotive were worth $1,448,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Chartwell Investment Partners LLC lifted its position in shares of O’Reilly Automotive by 10.7% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,750 shares of the specialty retailer’s stock worth $6,155,000 after purchasing an additional 849 shares during the period. Money Concepts Capital Corp lifted its position in shares of O’Reilly Automotive by 60.2% in the 3rd quarter. Money Concepts Capital Corp now owns 165 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 62 shares during the period. Synovus Financial Corp lifted its position in shares of O’Reilly Automotive by 0.9% in the 3rd quarter. Synovus Financial Corp now owns 10,026 shares of the specialty retailer’s stock worth $7,053,000 after purchasing an additional 89 shares during the period. CWM LLC lifted its position in shares of O’Reilly Automotive by 13.6% in the 3rd quarter. CWM LLC now owns 1,008 shares of the specialty retailer’s stock worth $709,000 after purchasing an additional 121 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of O’Reilly Automotive by 73.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 50,116 shares of the specialty retailer’s stock worth $35,249,000 after purchasing an additional 21,274 shares during the period. Hedge funds and other institutional investors own 90.50% of the company’s stock.

O’Reilly Automotive Price Performance

ORLY stock opened at $842.52 on Monday. The firm’s fifty day simple moving average is $834.91 and its 200-day simple moving average is $750.67. The company has a market capitalization of $52.72 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96. O’Reilly Automotive, Inc. has a 12 month low of $562.90 and a 12 month high of $870.92.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The specialty retailer reported $9.17 EPS for the quarter, beating the consensus estimate of $8.46 by $0.71. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.71 billion. O’Reilly Automotive had a net margin of 15.39% and a negative return on equity of 319.55%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $8.07 EPS. As a group, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 32.7 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com assumed coverage on shares of O’Reilly Automotive in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Guggenheim boosted their price objective on shares of O’Reilly Automotive to $893.00 in a research note on Tuesday, November 1st. Morgan Stanley boosted their price objective on shares of O’Reilly Automotive from $725.00 to $780.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 27th. UBS Group boosted their price objective on shares of O’Reilly Automotive from $855.00 to $940.00 and gave the stock a “buy” rating in a research note on Friday, October 28th. Finally, The Goldman Sachs Group lowered shares of O’Reilly Automotive from a “conviction-buy” rating to a “buy” rating in a research note on Friday, October 28th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $826.67.

Insider Activity

In related news, CFO Jeremy Adam Fletcher sold 4,635 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $844.17, for a total transaction of $3,912,727.95. Following the sale, the chief financial officer now directly owns 2,284 shares of the company’s stock, valued at $1,928,084.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Jeffrey Alan Lauro sold 1,000 shares of the stock in a transaction on Monday, October 24th. The shares were sold at an average price of $750.00, for a total transaction of $750,000.00. Following the sale, the senior vice president now directly owns 760 shares of the company’s stock, valued at $570,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Adam Fletcher sold 4,635 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $844.17, for a total transaction of $3,912,727.95. Following the transaction, the chief financial officer now directly owns 2,284 shares in the company, valued at $1,928,084.28. The disclosure for this sale can be found here. Insiders have sold 26,127 shares of company stock valued at $21,726,054 in the last ninety days. Insiders own 1.73% of the company’s stock.

O’Reilly Automotive Company Profile

(Get Rating)

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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