Retirement Systems of Alabama reduced its stake in shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) by 2.4% during the third quarter, Holdings Channel reports. The institutional investor owned 48,011 shares of the company’s stock after selling 1,164 shares during the period. Retirement Systems of Alabama’s holdings in O’Reilly Automotive were worth $13,448,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Montag & Caldwell LLC boosted its stake in O’Reilly Automotive by 0.4% in the second quarter. Montag & Caldwell LLC now owns 1,519 shares of the company’s stock valued at $412,000 after buying an additional 6 shares during the last quarter. Cypress Wealth Advisors LLC boosted its stake in O’Reilly Automotive by 0.8% in the second quarter. Cypress Wealth Advisors LLC now owns 777 shares of the company’s stock valued at $211,000 after buying an additional 6 shares during the last quarter. Invictus RG boosted its stake in O’Reilly Automotive by 1.9% in the second quarter. Invictus RG now owns 493 shares of the company’s stock valued at $134,000 after buying an additional 9 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in O’Reilly Automotive by 0.4% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,332 shares of the company’s stock valued at $653,000 after buying an additional 10 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in O’Reilly Automotive by 1.4% in the third quarter. Private Trust Co. NA now owns 810 shares of the company’s stock valued at $226,000 after buying an additional 11 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

O’Reilly Automotive Inc. (NASDAQ:ORLY) traded down 0.15% during mid-day trading on Wednesday, reaching $274.97. 316,520 shares of the company’s stock were exchanged. The firm has a market cap of $25.97 billion, a price-to-earnings ratio of 26.65 and a beta of 0.69. O’Reilly Automotive Inc. has a 12 month low of $225.12 and a 12 month high of $292.84. The stock has a 50-day moving average of $270.15 and a 200-day moving average of $273.38.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $2.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.92 by $0.02. O’Reilly Automotive had a return on equity of 53.94% and a net margin of 11.97%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the company posted $2.64 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Analysts anticipate that O’Reilly Automotive Inc. will post $10.69 earnings per share for the current year.

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ORLY has been the subject of several research reports. Wedbush reiterated an “outperform” rating and issued a $310.00 target price (up previously from $280.00) on shares of O’Reilly Automotive in a research note on Wednesday, August 10th. Susquehanna initiated coverage on shares of O’Reilly Automotive in a research note on Thursday, August 25th. They issued a “positive” rating and a $343.00 target price for the company. Jefferies Group reiterated a “buy” rating and issued a $336.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, October 19th. Zacks Investment Research cut shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Friday, October 21st. Finally, Credit Suisse Group AG restated an “outperform” rating and set a $290.00 price target on shares of O’Reilly Automotive in a research note on Sunday, October 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $304.65.

In other news, CEO Gregory L. Henslee sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $275.42, for a total transaction of $5,508,400.00. Following the completion of the sale, the chief executive officer now owns 42,505 shares of the company’s stock, valued at approximately $11,706,727.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles H. Oreilly, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $268.42, for a total transaction of $2,684,200.00. Following the sale, the director now directly owns 137,278 shares of the company’s stock, valued at approximately $36,848,160.76. The disclosure for this sale can be found here. Insiders own 3.37% of the company’s stock.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

5 Day Chart for NASDAQ:ORLY

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