O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Chicago Capital LLC

Chicago Capital LLC trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,775 shares of the specialty retailer’s stock after selling 10 shares during the quarter. Chicago Capital LLC’s holdings in O’Reilly Automotive were worth $2,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in O’Reilly Automotive during the first quarter valued at $36,000. Newbridge Financial Services Group Inc. acquired a new stake in O’Reilly Automotive in the 1st quarter worth about $37,000. Indiana Trust & Investment Management CO boosted its holdings in O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Riverview Trust Co purchased a new stake in O’Reilly Automotive during the 1st quarter worth approximately $41,000. Finally, Crewe Advisors LLC acquired a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the sale, the director now directly owns 141,589 shares of the company’s stock, valued at approximately $158,511,717.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock worth $56,846,062 in the last ninety days. 1.55% of the stock is owned by corporate insiders.

O’Reilly Automotive Stock Performance

Shares of ORLY traded down $18.41 during midday trading on Friday, hitting $1,119.18. 325,758 shares of the stock were exchanged, compared to its average volume of 387,251. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The stock has a fifty day simple moving average of $1,091.92 and a 200 day simple moving average of $1,068.62. The firm has a market cap of $65.91 billion, a P/E ratio of 28.41, a P/E/G ratio of 2.15 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $10.22 earnings per share. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America boosted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. DA Davidson boosted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. UBS Group cut their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, Royal Bank of Canada lowered their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and an average price target of $1,144.06.

O’Reilly Automotive 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.