Summit X LLC Has $9.40 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Summit X LLC lowered its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,924 shares of the specialty retailer’s stock after selling 206 shares during the period. O’Reilly Automotive accounts for approximately 2.1% of Summit X LLC’s holdings, making the stock its 13th largest holding. Summit X LLC’s holdings in O’Reilly Automotive were worth $9,395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in 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 valued at $1,986,874,000 after purchasing an additional 728,040 shares during the last quarter. Geode Capital Management LLC lifted its holdings in O’Reilly Automotive by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock valued at $1,700,513,000 after purchasing an additional 24,135 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in O’Reilly Automotive by 28.4% during the 3rd 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 during the last quarter. Proficio Capital Partners LLC lifted its holdings in O’Reilly Automotive by 205,600.0% during the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock valued at $597,602,000 after purchasing an additional 503,720 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in O’Reilly Automotive by 10,626.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after purchasing an additional 482,670 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In other news, Chairman Gregory L. Henslee sold 3,073 shares of O’Reilly Automotive stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the sale, the chairman now directly owns 11,397 shares of the company’s stock, valued at approximately $14,988,764.55. This trade represents a 21.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrea Weiss sold 248 shares of O’Reilly Automotive stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,311.23, for a total value of $325,185.04. Following the sale, the director now directly owns 452 shares in the company, valued at $592,675.96. The trade was a 35.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,894 shares of company stock valued at $10,409,618. 1.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ORLY has been the subject of several research reports. BMO Capital Markets raised their price target on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Wedbush raised their price target on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. DA Davidson increased their price objective on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada increased their price objective on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive Stock Down 1.7 %

O’Reilly Automotive stock opened at $1,324.06 on Wednesday. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,389.05. The business’s 50-day moving average price is $1,284.05 and its two-hundred day moving average price is $1,221.60. The stock has a market cap of $75.83 billion, a PE ratio of 32.56, a P/E/G ratio of 2.34 and a beta of 0.91.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. As a group, analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

O’Reilly Automotive Profile

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.