First Citizens Bank & Trust Co. Decreases Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

First Citizens Bank & Trust Co. cut its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 391 shares of the specialty retailer’s stock after selling 125 shares during the period. First Citizens Bank & Trust Co.’s holdings in O’Reilly Automotive were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. West Family Investments Inc. raised its holdings in shares of O’Reilly Automotive by 2.1% in the second quarter. West Family Investments Inc. now owns 533 shares of the specialty retailer’s stock worth $509,000 after buying an additional 11 shares during the period. Caprock Group LLC raised its holdings in shares of O’Reilly Automotive by 2.4% in the third quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock worth $432,000 after buying an additional 11 shares during the period. Western Pacific Wealth Management LP raised its holdings in shares of O’Reilly Automotive by 11.6% in the third quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock worth $96,000 after buying an additional 11 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of O’Reilly Automotive by 2.4% in the third quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock worth $418,000 after buying an additional 11 shares during the period. Finally, Atlas Brown Inc. raised its holdings in shares of O’Reilly Automotive by 2.8% in the fourth quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer’s stock worth $380,000 after buying an additional 11 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Stephens restated an “overweight” rating and set a $1,060.00 price objective on shares of O’Reilly Automotive in a report on Tuesday, December 19th. Mizuho assumed coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective on the stock. Wells Fargo & Company raised 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, March 25th. Finally, Evercore ISI raised their price objective on O’Reilly Automotive from $1,235.00 to $1,240.00 and gave the stock an “outperform” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,090.76.

Read Our Latest Research Report on O’Reilly Automotive

O’Reilly Automotive Trading Down 0.6 %

Shares of NASDAQ ORLY opened at $1,132.95 on Thursday. The stock has a market capitalization of $66.88 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 2.07 and a beta of 0.86. O’Reilly Automotive, Inc. has a 12-month low of $855.24 and a 12-month high of $1,169.11. The stock’s fifty day simple moving average is $1,078.34 and its two-hundred day simple moving average is $994.84.

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

Insider Transactions at O’Reilly Automotive

In other news, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman David E. Oreilly sold 6,444 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the transaction, the chairman now owns 205,095 shares in the company, valued at approximately $217,933,947. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the transaction, the chairman now owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Insiders sold 27,468 shares of company stock valued at $28,769,333 in the last quarter. 1.55% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Profile

(Free Report)

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.

See Also

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

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