The Sumitomo Mitsui Asset Management Company LTD Sells 64 Shares of O’Reilly Automotive Inc. (ORLY)

The Sumitomo Mitsui Asset Management Company LTD Sells 64 Shares of O’Reilly Automotive Inc. (ORLY)

Sumitomo Mitsui Asset Management Company LTD reduced its position in shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,561 shares of the company’s stock after selling 64 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in O’Reilly Automotive were worth $2,117,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Creeks Capital Management LP acquired a new stake in O’Reilly Automotive during the second quarter worth $168,986,000. Passport Capital LLC acquired a new stake in O’Reilly Automotive during the second quarter worth $54,086,000. Winslow Capital Management LLC boosted its stake in O’Reilly Automotive by 14.6% in the second quarter. Winslow Capital Management LLC now owns 1,016,946 shares of the company’s stock worth $275,694,000 after buying an additional 129,916 shares during the last quarter. Polen Capital Management LLC boosted its stake in O’Reilly Automotive by 11.5% in the second quarter. Polen Capital Management LLC now owns 1,257,405 shares of the company’s stock worth $340,882,000 after buying an additional 129,738 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in O’Reilly Automotive during the second quarter worth $33,666,000. Institutional investors and hedge funds own 88.55% of the company’s stock.

O’Reilly Automotive Inc. (NASDAQ:ORLY) traded down 2.05% during midday trading on Thursday, hitting $275.05. The stock had a trading volume of 561,424 shares. O’Reilly Automotive Inc. has a 12-month low of $225.12 and a 12-month high of $292.84. The stock has a 50-day moving average price of $280.06 and a 200 day moving average price of $277.87. The firm has a market cap of $25.98 billion, a P/E ratio of 26.66 and a beta of 0.69.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $2.90 EPS for the quarter, missing the Zacks’ consensus estimate of $2.92 by $0.02. The firm earned $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. O’Reilly Automotive had a net margin of 11.97% and a return on equity of 53.94%. O’Reilly Automotive’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.64 EPS. On average, equities analysts anticipate that O’Reilly Automotive Inc. will post $10.69 earnings per share for the current fiscal year.

A number of brokerages have commented on ORLY. Atlantic Securities began coverage on O’Reilly Automotive in a research report on Wednesday, December 14th. They set a “neutral” rating and a $307.00 price target for the company. Zacks Investment Research cut O’Reilly Automotive from a “hold” rating to a “sell” rating in a research report on Tuesday. Deutsche Bank AG lifted their price target on O’Reilly Automotive from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday. Guggenheim began coverage on O’Reilly Automotive in a research report on Wednesday. They set a “neutral” rating and a $310.00 price target for the company. Finally, Wedbush reaffirmed an “outperform” rating on shares of O’Reilly Automotive in a research report on Tuesday, January 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. O’Reilly Automotive presently has a consensus rating of “Buy” and a consensus target price of $307.30.

In related news, Director John Raymond Murphy purchased 500 shares of O’Reilly Automotive stock in a transaction dated Tuesday, November 1st. The stock was bought at an average cost of $263.96 per share, for a total transaction of $131,980.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory L. Henslee sold 20,000 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $280.08, for a total transaction of $5,601,600.00. Following the sale, the chief executive officer now owns 42,527 shares of the company’s stock, valued at $11,910,962.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,300 shares of company stock valued at $15,238,211. 3.37% of the stock is owned by insiders.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ 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 and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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