International Assets Investment Management LLC Cuts Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

International Assets Investment Management LLC cut its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 99.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 742 shares of the specialty retailer’s stock after selling 853,745 shares during the period. International Assets Investment Management LLC’s holdings in O’Reilly Automotive were worth $881,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in O’Reilly Automotive in the 3rd quarter valued at $32,000. Trifecta Capital Advisors LLC lifted its stake in shares of O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in O’Reilly Automotive during the third quarter worth about $37,000. Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter valued at about $41,000. Finally, Quarry LP raised its holdings in O’Reilly Automotive by 109.1% in the 2nd quarter. Quarry LP now owns 92 shares of the specialty retailer’s stock valued at $97,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,205.74 on Friday. The stock has a market capitalization of $69.61 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. The business has a 50-day moving average of $1,221.63 and a 200 day moving average of $1,154.51. O’Reilly Automotive, Inc. has a 12 month low of $921.25 and a 12 month high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $10.72 EPS. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of analyst reports. BMO Capital Markets assumed coverage on O’Reilly Automotive in a research report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price target for the company. Barclays raised their target price on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a research note on Thursday. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Roth Mkm reissued a “buy” rating and issued a $1,337.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,270.69.

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.