Bank of New Hampshire Cuts Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Bank of New Hampshire lowered its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,677 shares of the specialty retailer’s stock after selling 51 shares during the period. O’Reilly Automotive makes up approximately 1.1% of Bank of New Hampshire’s holdings, making the stock its 23rd largest holding. Bank of New Hampshire’s holdings in O’Reilly Automotive were worth $4,360,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ORLY. Wellington Management Group LLP raised its stake in shares of O’Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after buying an additional 728,040 shares during the period. Geode Capital Management LLC raised its position in O’Reilly Automotive by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock worth $1,700,513,000 after acquiring an additional 24,135 shares during the period. International Assets Investment Management LLC raised its position in O’Reilly Automotive by 99,957.0% during the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after acquiring an additional 853,633 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in O’Reilly Automotive by 28.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after purchasing an additional 133,139 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of O’Reilly Automotive by 5.2% in the second quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock valued at $524,629,000 after purchasing an additional 24,767 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ORLY. Roth Mkm reaffirmed a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Evercore ISI raised their target price on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Barclays raised their price objective on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada increased their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, DA Davidson restated a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,269.31.

O’Reilly Automotive Stock Up 0.2 %

ORLY traded up $2.33 during trading on Tuesday, hitting $1,212.80. 44,320 shares of the stock were exchanged, compared to its average volume of 234,851. The firm has a market capitalization of $70.02 billion, a P/E ratio of 30.00, a PEG ratio of 2.58 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,283.96. The stock has a fifty day moving average price of $1,219.23 and a two-hundred day moving average price of $1,152.96.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.72 earnings per share. Analysts predict that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

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.