New York State Teachers Retirement System Trims Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

New York State Teachers Retirement System reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 50,637 shares of the specialty retailer’s stock after selling 4,729 shares during the period. New York State Teachers Retirement System’s holdings in O’Reilly Automotive were worth $53,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. acquired a new position in O’Reilly Automotive during the fourth quarter worth about $316,000. Lindbrook Capital LLC grew its position in O’Reilly Automotive by 3.9% during the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after buying an additional 10 shares during the period. Verdence Capital Advisors LLC grew its position in O’Reilly Automotive by 4.4% during the fourth quarter. Verdence Capital Advisors LLC now owns 329 shares of the specialty retailer’s stock worth $313,000 after buying an additional 14 shares during the period. CWM LLC grew its position in O’Reilly Automotive by 3.4% during the fourth quarter. CWM LLC now owns 1,325 shares of the specialty retailer’s stock worth $1,258,000 after buying an additional 44 shares during the period. Finally, Handelsbanken Fonder AB grew its position in O’Reilly Automotive by 11.8% during the fourth quarter. Handelsbanken Fonder AB now owns 26,562 shares of the specialty retailer’s stock worth $25,236,000 after buying an additional 2,800 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ORLY shares. Bank of America increased their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company increased their price target on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada cut their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. UBS Group reduced their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Finally, Wedbush restated a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,144.06.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now owns 5,016 shares in the company, valued at approximately $5,698,978.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,354 shares of company stock valued at $56,518,687. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Down 1.0 %

NASDAQ:ORLY traded down $11.44 during trading hours on Friday, reaching $1,116.23. 108,236 shares of the company’s stock were exchanged, compared to its average volume of 390,712. The company has a market capitalization of $64.75 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The business’s 50-day simple moving average is $1,075.89 and its two-hundred day simple moving average is $1,062.04.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the business posted $10.22 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 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.