Commerce Bank Cuts Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Commerce Bank cut its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,256 shares of the specialty retailer’s stock after selling 1,555 shares during the quarter. Commerce Bank’s holdings in O’Reilly Automotive were worth $29,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ORLY. GAMMA Investing LLC increased its holdings in shares of O’Reilly Automotive by 175,115.6% in the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer’s stock valued at $2,610,507,000 after acquiring an additional 1,821,202 shares during the period. Assenagon Asset Management S.A. grew its stake in O’Reilly Automotive by 197.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 303,484 shares of the specialty retailer’s stock worth $434,765,000 after buying an additional 201,356 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in O’Reilly Automotive by 33.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer’s stock worth $836,357,000 after buying an additional 147,904 shares during the last quarter. Stifel Financial Corp grew its stake in O’Reilly Automotive by 294.8% during the 4th quarter. Stifel Financial Corp now owns 157,410 shares of the specialty retailer’s stock worth $186,657,000 after buying an additional 117,542 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in O’Reilly Automotive by 5,128.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 115,034 shares of the specialty retailer’s stock worth $136,407,000 after buying an additional 112,834 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several research analyst reports. Evercore ISI boosted their target price on O’Reilly Automotive from $97.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Morgan Stanley restated an “overweight” rating on shares of O’Reilly Automotive in a research note on Thursday, April 24th. Citigroup boosted their target price on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Finally, Mizuho boosted their target price on O’Reilly Automotive from $93.33 to $96.33 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $102.22.

Insiders Place Their Bets

In related news, SVP Ramon Parises Odems sold 30,000 shares of the company’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the transaction, the senior vice president owned 240 shares of the company’s stock, valued at approximately $21,767.20. This represents a 99.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Najera Jose A. Montellano sold 285 shares of the company’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,840 shares of company stock worth $6,421,556. 1.01% of the stock is owned by company insiders.

O’Reilly Automotive Stock Up 0.8%

O’Reilly Automotive stock opened at $99.12 on Friday. The firm has a market cap of $84.73 billion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 2.60 and a beta of 0.58. O’Reilly Automotive, Inc. has a 52 week low of $73.11 and a 52 week high of $100.60. The business’s 50-day moving average price is $91.98 and its 200 day moving average price is $90.39.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. O’Reilly Automotive’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $10.55 earnings per share. Equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

About O’Reilly Automotive

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.