O’Reilly Automotive Inc (ORLY) Stake Lowered by Great West Life Assurance Co. Can

O’Reilly Automotive Inc (ORLY) Stake Lowered by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can cut its stake in O'Reilly Automotive Inc (NASDAQ:ORLY) by 0.8% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 69,083 shares of the specialty retailer’s stock after selling 550 shares during the period. Great West Life Assurance Co. Can owned 0.08% of O'Reilly Automotive worth $18,622,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ORLY. Shell Asset Management Co. boosted its position in shares of O'Reilly Automotive by 6.5% in the third quarter. Shell Asset Management Co. now owns 20,559 shares of the specialty retailer’s stock valued at $5,759,000 after buying an additional 1,253 shares during the last quarter. Financial Architects Inc boosted its position in shares of O'Reilly Automotive by 11.1% in the third quarter. Financial Architects Inc now owns 659 shares of the specialty retailer’s stock valued at $185,000 after buying an additional 66 shares during the last quarter. Rothschild Asset Management Inc. boosted its position in shares of O'Reilly Automotive by 51.4% in the third quarter. Rothschild Asset Management Inc. now owns 2,032 shares of the specialty retailer’s stock valued at $569,000 after buying an additional 690 shares during the last quarter. World Asset Management Inc boosted its position in shares of O'Reilly Automotive by 0.7% in the third quarter. World Asset Management Inc now owns 9,560 shares of the specialty retailer’s stock valued at $2,678,000 after buying an additional 65 shares during the last quarter. Finally, Nottingham Advisors Inc. purchased a new position in shares of O'Reilly Automotive during the third quarter valued at approximately $595,000. Institutional investors own 89.71% of the company’s stock.

O'Reilly Automotive Inc (NASDAQ:ORLY) traded up 0.75% during mid-day trading on Friday, hitting $252.70. 1,183,645 shares of the company traded hands. The company’s 50-day moving average price is $260.87 and its 200 day moving average price is $269.24. O'Reilly Automotive Inc has a one year low of $239.12 and a one year high of $292.84. The company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 23.04 and a beta of 0.69.

O'Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by $0.28. O'Reilly Automotive had a return on equity of 57.99% and a net margin of 12.08%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the company posted $2.59 earnings per share. O'Reilly Automotive’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts anticipate that O'Reilly Automotive Inc will post $12.28 earnings per share for the current fiscal year.

ORLY has been the subject of several recent analyst reports. Zacks Investment Research cut shares of O'Reilly Automotive from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. Guggenheim initiated coverage on shares of O'Reilly Automotive in a report on Wednesday, January 18th. They issued a “neutral” rating and a $310.00 target price for the company. Deutsche Bank AG raised their target price on shares of O'Reilly Automotive from $275.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, January 18th. BTIG Research reiterated a “buy” rating and issued a $310.00 target price on shares of O'Reilly Automotive in a report on Tuesday, January 24th. Finally, Wedbush reiterated an “outperform” rating and issued a $310.00 target price on shares of O'Reilly Automotive in a report on Wednesday, February 8th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. O'Reilly Automotive presently has an average rating of “Buy” and an average price target of $306.09.

In other O'Reilly Automotive news, CEO Gregory L. Henslee sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $275.00, for a total transaction of $2,750,000.00. Following the completion of the transaction, the chief executive officer now owns 32,599 shares of the company’s stock, valued at approximately $8,964,725. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Raymond Murphy sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total value of $148,062.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,788 shares of company stock valued at $16,703,726. 3.37% of the stock is owned by company insiders.

O'Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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