Ieq Capital LLC Lowers Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ieq Capital LLC lessened its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 43.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,977 shares of the specialty retailer’s stock after selling 2,281 shares during the period. Ieq Capital LLC’s holdings in O’Reilly Automotive were worth $3,531,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ORLY. Marks Group Wealth Management Inc increased its stake in O’Reilly Automotive by 1.5% in the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock valued at $697,000 after acquiring an additional 9 shares during the last quarter. Venturi Wealth Management LLC increased its stake in O’Reilly Automotive by 8.5% in the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after acquiring an additional 9 shares during the last quarter. Metis Global Partners LLC increased its stake in O’Reilly Automotive by 0.5% in the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock valued at $2,145,000 after acquiring an additional 9 shares during the last quarter. L.M. Kohn & Company increased its stake in O’Reilly Automotive by 1.4% in the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock valued at $753,000 after acquiring an additional 9 shares during the last quarter. Finally, Advisory Alpha LLC increased its stake in O’Reilly Automotive by 4.4% in the fourth quarter. Advisory Alpha LLC now owns 215 shares of the specialty retailer’s stock valued at $255,000 after acquiring an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,303.41 on Friday. The stock has a market capitalization of $75.25 billion, a PE ratio of 32.06, a PEG ratio of 2.34 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27. The business’s 50-day moving average is $1,253.69 and its 200 day moving average is $1,202.38.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Maria Sastre sold 248 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the completion of the sale, the director now owns 971 shares of the company’s stock, valued at $1,278,001.07. This trade represents a 20.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,201 shares of company stock worth $2,840,852 over the last three months. Company insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ORLY. Guggenheim increased their target price on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Evercore ISI raised their price objective on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. BMO Capital Markets raised their price objective on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Barclays raised their price objective on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $1,390.81.

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.