Teza Capital Management LLC trimmed its holdings in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,882 shares of the specialty retailer’s stock after selling 96 shares during the period. Teza Capital Management LLC’s holdings in O’Reilly Automotive were worth $731,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in ORLY. Norges Bank bought a new stake in O’Reilly Automotive during the fourth quarter valued at $259,779,000. FMR LLC increased its stake in O’Reilly Automotive by 80.9% during the fourth quarter. FMR LLC now owns 1,163,828 shares of the specialty retailer’s stock valued at $400,741,000 after purchasing an additional 520,302 shares during the last quarter. Isthmus Partners LLC bought a new position in shares of O’Reilly Automotive during the first quarter worth about $6,309,000. Janus Henderson Group PLC grew its position in shares of O’Reilly Automotive by 73.2% during the first quarter. Janus Henderson Group PLC now owns 651,238 shares of the specialty retailer’s stock worth $252,882,000 after acquiring an additional 275,197 shares during the last quarter. Finally, Hexavest Inc. bought a new position in shares of O’Reilly Automotive during the first quarter worth about $60,860,000. 85.46% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director John Raymond Murphy sold 528 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $361.05, for a total value of $190,634.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Jeff M. Shaw sold 2,758 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $395.00, for a total value of $1,089,410.00. Following the completion of the transaction, the chief operating officer now owns 26,992 shares in the company, valued at approximately $10,661,840. The disclosure for this sale can be found here. 2.52% of the stock is owned by corporate insiders.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, April 24th. The specialty retailer reported $4.05 EPS for the quarter, meeting analysts’ consensus estimates of $4.05. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.44 billion. O’Reilly Automotive had a net margin of 13.87% and a return on equity of 333.23%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 earnings per share. Research analysts forecast that O’Reilly Automotive Inc will post 17.78 earnings per share for the current year.
ORLY has been the subject of several recent research reports. BidaskClub upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Wells Fargo & Co upped their price target on shares of O’Reilly Automotive from $415.00 to $445.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Atlantic Securities lowered shares of O’Reilly Automotive from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $370.00 to $400.00 in a research report on Friday, March 1st. Zacks Investment Research upgraded shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Morgan Stanley increased their target price on shares of O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $379.13.
O’Reilly Automotive Profile
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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