Municipal Employees Retirement System of Michigan maintained its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the first quarter, Holdings Channel reports. The institutional investor owned 3,060 shares of the specialty retailer’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in O’Reilly Automotive were worth $826,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Polen Capital Management LLC increased its stake in O’Reilly Automotive by 8.6% in the first quarter. Polen Capital Management LLC now owns 1,521,781 shares of the specialty retailer’s stock worth $410,637,000 after buying an additional 120,103 shares during the period. HRT Financial LLC purchased a new position in O’Reilly Automotive during the first quarter valued at about $236,000. Alliancebernstein L.P. increased its position in O’Reilly Automotive by 109.1% in the first quarter. Alliancebernstein L.P. now owns 792,138 shares of the specialty retailer’s stock valued at $213,751,000 after buying an additional 413,385 shares during the period. AE Wealth Management LLC increased its position in O’Reilly Automotive by 71.0% in the first quarter. AE Wealth Management LLC now owns 2,750 shares of the specialty retailer’s stock valued at $742,000 after buying an additional 1,142 shares during the period. Finally, Tredje AP fonden increased its position in O’Reilly Automotive by 22.8% in the first quarter. Tredje AP fonden now owns 18,213 shares of the specialty retailer’s stock valued at $4,915,000 after buying an additional 3,386 shares during the period. 92.15% of the stock is owned by institutional investors.

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

O’Reilly Automotive, Inc. (ORLY) traded down 1.10% during mid-day trading on Friday, reaching $231.39. The company had a trading volume of 1,690,866 shares. O’Reilly Automotive, Inc. has a 12 month low of $228.43 and a 12 month high of $292.84. The firm has a market capitalization of $21.06 billion, a P/E ratio of 21.09 and a beta of 0.64. The stock’s 50-day moving average is $244.95 and its 200 day moving average is $264.08.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.88 by $0.28. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.22 billion. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.59 earnings per share. On average, analysts predict that O’Reilly Automotive, Inc. will post $12.26 earnings per share for the current fiscal year.

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ORLY has been the subject of several research reports. Zacks Investment Research downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Credit Suisse Group set a $290.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a research note on Saturday, March 4th. Cleveland Research downgraded O’Reilly Automotive from a “buy” rating to a “neutral” rating in a research note on Monday, April 3rd. Atlantic Securities raised O’Reilly Automotive to an “overweight” rating and set a $307.00 price target for the company in a research note on Friday, April 7th. They noted that the move was a valuation call. Finally, Deutsche Bank AG downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating and cut their price target for the stock from $315.00 to $273.00 in a research note on Tuesday, April 25th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $300.89.

In related news, CEO Gregory L. Henslee sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $275.00, for a total transaction of $2,750,000.00. Following the transaction, the chief executive officer now directly owns 32,599 shares of the company’s stock, valued at $8,964,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David E. Oreilly sold 25,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. Following the transaction, the chairman now directly owns 145,568 shares in the company, valued at $36,473,518.08. The disclosure for this sale can be found here. Insiders have sold 40,600 shares of company stock worth $10,537,062 over the last three months. 3.12% of the stock is owned by insiders.

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 sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s 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, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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