Mirae Asset Global Investments Co. Ltd. Lowers Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,458 shares of the specialty retailer’s stock after selling 3,591 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.10% of O’Reilly Automotive worth $68,250,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ORLY. Rise Advisors LLC bought a new position in shares of O’Reilly Automotive during the 1st quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of O’Reilly Automotive during the 1st quarter worth $37,000. Indiana Trust & Investment Management CO raised its stake in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 26 shares during the last quarter. Riverview Trust Co purchased a new stake in O’Reilly Automotive in the first quarter valued at about $41,000. Finally, LifeSteps Financial Inc. purchased a new stake in O’Reilly Automotive in the first quarter valued at about $45,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORLY has been the topic of several analyst reports. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, April 25th. Mizuho began coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 target price on the stock. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Evercore ISI reduced their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company reduced their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,116.93.

O’Reilly Automotive Trading Up 0.6 %

ORLY traded up $6.28 on Friday, hitting $1,026.82. 305,008 shares of the company were exchanged, compared to its average volume of 427,969. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The company has a market cap of $60.47 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. The firm has a 50-day moving average price of $1,011.95 and a two-hundred day moving average price of $1,035.58.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. O’Reilly Automotive’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $8.28 EPS. Equities analysts expect that O’Reilly Automotive, Inc. will post 41.86 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at approximately $726,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

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.