Rheos Capital Works Inc. Trims Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Rheos Capital Works Inc. cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) by 19.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,300 shares of the specialty retailer’s stock after selling 3,800 shares during the quarter. Rheos Capital Works Inc.’s holdings in O’Reilly Automotive were worth $17,272,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ORLY. Fortune Financial Advisors LLC increased its position in O’Reilly Automotive by 2.4% during the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock worth $2,325,000 after buying an additional 57 shares in the last quarter. Wellington Management Group LLP lifted its holdings in O’Reilly Automotive by 656.2% in the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after purchasing an additional 397,108 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of O’Reilly Automotive by 7.4% during the 4th quarter. Stifel Financial Corp now owns 36,728 shares of the specialty retailer’s stock worth $34,894,000 after purchasing an additional 2,535 shares during the last quarter. Perpetual Ltd raised its position in shares of O’Reilly Automotive by 322.6% in the first quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock valued at $1,289,000 after buying an additional 871 shares during the last quarter. Finally, SignalPoint Asset Management LLC lifted its stake in shares of O’Reilly Automotive by 3.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock valued at $48,567,000 after buying an additional 1,642 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORLY has been the subject of several analyst reports. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. UBS Group raised their price target on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Wells Fargo & Company cut their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Mizuho assumed coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 target price for the company. Finally, Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,123.64.

Read Our Latest Analysis on O’Reilly Automotive

O’Reilly Automotive Trading Up 0.1 %

NASDAQ:ORLY traded up $1.22 during trading hours on Friday, hitting $1,081.79. The stock had a trading volume of 663,576 shares, compared to its average volume of 447,738. The company has a market cap of $63.71 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.89. The business has a 50 day simple moving average of $1,019.81 and a two-hundred day simple moving average of $1,030.85. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.28 EPS. Research analysts expect that O’Reilly Automotive, Inc. will post 41.93 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the transaction, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by company insiders.

O’Reilly Automotive Company Profile

(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, 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.

See Also

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

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