CENTRAL TRUST Co Reduces Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

CENTRAL TRUST Co decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.4% in the 1st quarter, HoldingsChannel reports. The firm owned 57,604 shares of the specialty retailer’s stock after selling 2,055 shares during the period. O’Reilly Automotive makes up approximately 2.0% of CENTRAL TRUST Co’s holdings, making the stock its 9th largest holding. CENTRAL TRUST Co’s holdings in O’Reilly Automotive were worth $82,522,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new position in shares of O’Reilly Automotive in the fourth quarter valued at approximately $3,123,000. Y Intercept Hong Kong Ltd boosted its stake in O’Reilly Automotive by 824.6% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock valued at $4,276,000 after purchasing an additional 3,216 shares during the period. Assetmark Inc. boosted its stake in O’Reilly Automotive by 13.2% in the 4th quarter. Assetmark Inc. now owns 21,032 shares of the specialty retailer’s stock valued at $24,940,000 after purchasing an additional 2,452 shares during the period. Versor Investments LP acquired a new position in O’Reilly Automotive in the 4th quarter valued at $827,000. Finally, Proficio Capital Partners LLC increased its position in O’Reilly Automotive by 205,600.0% during the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock worth $597,602,000 after buying an additional 503,720 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. DA Davidson boosted their target price on shares of O’Reilly Automotive from $101.67 to $106.67 and gave the company a “buy” rating in a research report on Friday, April 25th. Barclays lifted their price objective on shares of O’Reilly Automotive from $83.33 to $86.00 and gave the stock an “equal weight” rating in a research note on Monday, April 28th. Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $95.00 to $103.33 and gave the company an “overweight” rating in a report on Wednesday, April 16th. Wall Street Zen raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Finally, Guggenheim reiterated a “buy” rating and issued a $98.33 price target on shares of O’Reilly Automotive in a research report on Monday, March 10th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Buy” and an average price target of $94.30.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the completion of the transaction, the director now directly owns 4,560 shares in the company, valued at $419,216. This represents a 39.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the completion of the transaction, the senior vice president now directly owns 240 shares of the company’s stock, valued at approximately $21,767.20. The trade was a 99.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,285 shares of company stock valued at $3,022,386 over the last ninety days. 1.01% of the stock is owned by corporate insiders.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $88.12 on Tuesday. The firm has a 50 day simple moving average of $91.38 and a two-hundred day simple moving average of $87.91. O’Reilly Automotive, Inc. has a one year low of $66.94 and a one year high of $97.22. The company has a market cap of $75.33 billion, a P/E ratio of 2.17, a P/E/G ratio of 2.34 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.04). O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

About O’Reilly Automotive

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.