Ontario Teachers Pension Plan Board Cuts Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ontario Teachers Pension Plan Board lessened its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 50.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,263 shares of the specialty retailer’s stock after selling 1,264 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in O’Reilly Automotive were worth $1,454,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ORLY. Segall Bryant & Hamill LLC grew its stake in O’Reilly Automotive by 51.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 21,713 shares of the specialty retailer’s stock valued at $25,005,000 after acquiring an additional 7,340 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $3,115,000. West Family Investments Inc. grew its position in shares of O’Reilly Automotive by 8.2% in the third quarter. West Family Investments Inc. now owns 591 shares of the specialty retailer’s stock valued at $681,000 after purchasing an additional 45 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of O’Reilly Automotive by 1.0% in the third quarter. PNC Financial Services Group Inc. now owns 35,619 shares of the specialty retailer’s stock valued at $41,019,000 after purchasing an additional 346 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in O’Reilly Automotive during the third quarter worth approximately $3,306,000. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Down 1.0 %

Shares of ORLY stock opened at $1,188.87 on Thursday. The company’s fifty day simple moving average is $1,175.63 and its 200-day simple moving average is $1,098.92. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30. The company has a market cap of $68.63 billion, a PE ratio of 29.41, a P/E/G ratio of 2.44 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released 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). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the business earned $10.72 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. Equities research analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ORLY shares. Wells Fargo & Company boosted their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Wedbush restated a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Evercore ISI increased their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Roth Mkm reissued a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Activity

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Profile

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.