CIBC Asset Management Inc reduced its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,057 shares of the specialty retailer’s stock after selling 527 shares during the quarter. CIBC Asset Management Inc’s holdings in O’Reilly Automotive were worth $5,070,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Virtus ETF Advisers LLC purchased a new position in O’Reilly Automotive in the 4th quarter worth approximately $25,000. Advisors Preferred LLC purchased a new position in O’Reilly Automotive in the 1st quarter worth approximately $26,000. Berman Capital Advisors LLC purchased a new position in O’Reilly Automotive in the 4th quarter worth approximately $31,000. CNB Bank purchased a new position in O’Reilly Automotive in the 4th quarter worth approximately $35,000. Finally, CX Institutional purchased a new position in O’Reilly Automotive in the 1st quarter worth approximately $35,000. 87.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ORLY opened at $353.40 on Thursday. The firm has a market cap of $27.82 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 1.30 and a beta of 0.81. The company has a quick ratio of 0.10, a current ratio of 0.84 and a debt-to-equity ratio of 9.29. O’Reilly Automotive Inc has a 1-year low of $264.50 and a 1-year high of $414.63.
O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $4.05. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.44 billion. O’Reilly Automotive had a net margin of 13.87% and a return on equity of 333.23%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.61 EPS. Sell-side analysts expect that O’Reilly Automotive Inc will post 17.77 earnings per share for the current year.
A number of equities analysts recently weighed in on ORLY shares. Citigroup boosted their price objective on shares of O’Reilly Automotive from $422.00 to $454.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Morgan Stanley boosted their price objective on shares of O’Reilly Automotive from $385.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Credit Suisse Group restated a “hold” rating and issued a $318.00 price objective on shares of O’Reilly Automotive in a report on Tuesday, February 5th. Oppenheimer lowered shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. Finally, Zacks Investment Research lowered shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. O’Reilly Automotive has a consensus rating of “Buy” and a consensus target price of $379.13.
In other news, SVP Jason Lee Tarrant sold 1,500 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $385.43, for a total value of $578,145.00. Following the completion of the sale, the senior vice president now directly owns 1,928 shares in the company, valued at approximately $743,109.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rosalie Oreilly Wooten sold 10,000 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $387.35, for a total value of $3,873,500.00. Following the completion of the sale, the director now owns 28,290 shares of the company’s stock, valued at $10,958,131.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,358 shares of company stock valued at $23,967,313. Company insiders own 2.52% of the company’s stock.
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O’Reilly Automotive Company Profile
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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