Ieq Capital LLC trimmed its holdings in O’Reilly Automotive Inc (NASDAQ:ORLY) by 28.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,105 shares of the specialty retailer’s stock after selling 430 shares during the quarter. Ieq Capital LLC’s holdings in O’Reilly Automotive were worth $333,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of O’Reilly Automotive during the 4th quarter valued at approximately $335,631,000. Parnassus Investments CA purchased a new stake in O’Reilly Automotive during the 1st quarter valued at $91,582,000. Vontobel Asset Management Inc. raised its holdings in O’Reilly Automotive by 88.6% during the 1st quarter. Vontobel Asset Management Inc. now owns 543,421 shares of the specialty retailer’s stock valued at $175,960,000 after buying an additional 255,301 shares during the period. Vantage Investment Partners LLC raised its holdings in O’Reilly Automotive by 14,731.4% during the 1st quarter. Vantage Investment Partners LLC now owns 218,022 shares of the specialty retailer’s stock valued at $65,636,000 after buying an additional 216,552 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in O’Reilly Automotive during the 4th quarter valued at $84,056,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

ORLY stock traded up $8.52 during trading on Friday, reaching $407.12. 969,318 shares of the company traded hands, compared to its average volume of 919,459. O’Reilly Automotive Inc has a 12 month low of $251.51 and a 12 month high of $454.31. The business has a 50 day simple moving average of $356.46 and a 200 day simple moving average of $399.46. The company has a market capitalization of $29.59 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 1.91 and a beta of 1.05. The company has a debt-to-equity ratio of 56.35, a quick ratio of 0.14 and a current ratio of 0.91.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, April 22nd. The specialty retailer reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.86 by $0.11. O’Reilly Automotive had a return on equity of 670.84% and a net margin of 13.41%. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the company earned $4.05 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts forecast that O’Reilly Automotive Inc will post 16.26 EPS for the current year.

O’Reilly Automotive announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Several analysts recently weighed in on ORLY shares. Guggenheim upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $435.00 price target on the stock in a report on Tuesday, April 21st. Morgan Stanley increased their target price on O’Reilly Automotive from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. William Blair reiterated a “buy” rating on shares of O’Reilly Automotive in a research note on Thursday, February 6th. Wolfe Research lowered O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 25th. Finally, JPMorgan Chase & Co. lowered O’Reilly Automotive from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $490.00 to $415.00 in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $401.44.

In other O’Reilly Automotive news, CEO Gregory D. Johnson sold 3,374 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $400.30, for a total value of $1,350,612.20. Following the completion of the sale, the chief executive officer now owns 7,734 shares of the company’s stock, valued at $3,095,920.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jason Lee Tarrant sold 9,166 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $376.17, for a total value of $3,447,974.22. Following the completion of the sale, the senior vice president now directly owns 1,478 shares of the company’s stock, valued at approximately $555,979.26. The disclosure for this sale can be found here. 2.43% of the stock is owned by company insiders.

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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