First National Trust Co Reduces Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

First National Trust Co lowered its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,328 shares of the specialty retailer’s stock after selling 288 shares during the quarter. First National Trust Co’s holdings in O’Reilly Automotive were worth $6,683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. Nordea Investment Management AB grew its position in shares of O’Reilly Automotive by 3.8% during the first quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock worth $68,327,000 after buying an additional 2,214 shares in the last quarter. Bank Pictet & Cie Asia Ltd. acquired a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at about $800,000. O Shaughnessy Asset Management LLC lifted its position in shares of O’Reilly Automotive by 5.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after purchasing an additional 701 shares during the last quarter. Perpetual Ltd grew its stake in O’Reilly Automotive by 322.6% in the first quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock worth $1,289,000 after purchasing an additional 871 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after buying an additional 397,108 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ORLY. UBS Group reduced their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Evercore ISI raised 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 note on Thursday, August 22nd. Wells Fargo & Company boosted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. DA Davidson raised their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Bank of America boosted their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,144.06.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,136.81 on Wednesday. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The firm has a market capitalization of $66.95 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. The stock has a fifty day moving average of $1,087.31 and a two-hundred day moving average of $1,067.16.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $10.22 EPS. Equities research analysts predict that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Dana Perlman sold 48 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the sale, the director now owns 5,016 shares in the company, valued at approximately $5,698,978.56. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock valued at $56,846,062 over the last quarter. Corporate insiders own 1.55% of the company’s stock.

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.