First National Bank of Omaha Reduces Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

First National Bank of Omaha trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,254 shares of the specialty retailer’s stock after selling 173 shares during the quarter. First National Bank of Omaha’s holdings in O’Reilly Automotive were worth $9,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new stake in shares of O’Reilly Automotive during the 3rd quarter valued at $32,000. Trifecta Capital Advisors LLC lifted its position in O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in O’Reilly Automotive during the third quarter valued at $37,000. Princeton Global Asset Management LLC bought a new stake in O’Reilly Automotive during the third quarter valued at about $41,000. Finally, Kings Path Partners LLC purchased a new stake in O’Reilly Automotive in the second quarter worth about $44,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

ORLY opened at $1,257.78 on Friday. The stock’s 50 day moving average price is $1,201.98 and its 200-day moving average price is $1,118.01. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,260.04. The stock has a market cap of $72.61 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 2.52 and a beta of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the firm earned $10.72 EPS. O’Reilly Automotive’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Bank of America raised their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Wedbush reiterated a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $1,248.06.

Insider Buying and Selling

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Company Profile

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.