Absoluto Partners Gestao de Recursos Ltda Cuts Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Absoluto Partners Gestao de Recursos Ltda decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) by 28.9% in the 3rd quarter, Holdings Channel reports. The firm owned 1,006 shares of the specialty retailer’s stock after selling 408 shares during the period. O’Reilly Automotive comprises 0.3% of Absoluto Partners Gestao de Recursos Ltda’s investment portfolio, making the stock its 18th largest holding. Absoluto Partners Gestao de Recursos Ltda’s holdings in O’Reilly Automotive were worth $914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cornerstone Planning Group LLC purchased a new position in shares of O’Reilly Automotive in the 2nd quarter worth about $25,000. Steward Financial Group LLC increased its position in shares of O’Reilly Automotive by 141.7% during the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 17 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of O’Reilly Automotive during the 4th quarter valued at about $30,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of O’Reilly Automotive during the 3rd quarter valued at about $34,000. Finally, Carmel Capital Partners LLC increased its position in shares of O’Reilly Automotive by 1,750.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 82.92% of the company’s stock.

Insider Activity

In other news, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the transaction, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the transaction, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 6,444 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the transaction, the chairman now directly owns 205,095 shares of the company’s stock, valued at approximately $217,933,947. The disclosure for this sale can be found here. Insiders sold a total of 27,468 shares of company stock worth $28,769,333 in the last quarter. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Trading Down 0.2 %

NASDAQ ORLY traded down $1.97 on Friday, hitting $1,085.45. The company’s stock had a trading volume of 233,548 shares, compared to its average volume of 391,765. O’Reilly Automotive, Inc. has a 52-week low of $795.74 and a 52-week high of $1,098.95. The company’s 50-day simple moving average is $1,009.81 and its 200 day simple moving average is $967.18. The firm has a market cap of $64.12 billion, a P/E ratio of 28.21, a PEG ratio of 1.91 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping the consensus estimate of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter last year, the business posted $8.37 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, research analysts forecast that O’Reilly Automotive, Inc. will post 42.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ORLY has been the topic of several recent research reports. Stephens reiterated an “overweight” rating and set a $1,060.00 price objective on shares of O’Reilly Automotive in a research report on Tuesday, December 19th. Royal Bank of Canada increased their price objective on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. TD Cowen increased their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “outperform” rating in a report on Friday, December 8th. Wells Fargo & Company increased their target price on O’Reilly Automotive from $1,125.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Wedbush increased their target price on O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,056.44.

View Our Latest Report on O’Reilly Automotive

About O’Reilly Automotive

(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 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.

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

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