Geneva Capital Management LLC Has $54.17 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Geneva Capital Management LLC lowered its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,981 shares of the specialty retailer’s stock after selling 13 shares during the period. Geneva Capital Management LLC owned 0.08% of O’Reilly Automotive worth $54,165,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ORLY. Principal Financial Group Inc. increased its stake in shares of O’Reilly Automotive by 4.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,793,461 shares of the specialty retailer’s stock valued at $2,024,604,000 after buying an additional 76,517 shares during the period. Bank of New York Mellon Corp raised its holdings in O’Reilly Automotive by 15.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock worth $1,587,784,000 after purchasing an additional 183,296 shares during the last quarter. Jennison Associates LLC raised its holdings in O’Reilly Automotive by 7.6% during the 4th quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock worth $900,186,000 after purchasing an additional 66,629 shares during the last quarter. Norges Bank acquired a new position in O’Reilly Automotive during the 4th quarter valued at about $671,384,000. Finally, International Assets Investment Management LLC boosted its stake in shares of O’Reilly Automotive by 89,319.3% in the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after purchasing an additional 652,924 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

ORLY has been the topic of several analyst reports. Wedbush restated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, April 25th. Wells Fargo & Company reduced their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Mizuho began coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective for the company. Evercore ISI cut their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Finally, Truist Financial decreased their target price on O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,116.93.

Insider Transactions at O’Reilly Automotive

In related news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares in the company, valued at $726,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Performance

NASDAQ ORLY traded up $4.80 on Thursday, reaching $1,032.99. The company had a trading volume of 440,205 shares, compared to its average volume of 395,620. The company’s fifty day moving average is $1,012.17 and its 200-day moving average is $1,037.52. The firm has a market capitalization of $60.83 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. O’Reilly Automotive’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.28 earnings per share. On average, research analysts forecast that O’Reilly Automotive, Inc. will post 41.86 earnings per share for the current 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.