Northwestern Mutual Wealth Management Co.  Cuts Stock Position in O’Reilly Automotive, Inc.  (NASDAQ:ORLY)

Northwestern Mutual Wealth Management Co. lessened its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 15.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,659 shares of the specialty retailer’s stock after selling 1,189 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in O’Reilly Automotive were worth $5,621,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ORLY. Norges Bank purchased a new stake in O’Reilly Automotive during the 4th quarter worth $568,266,000. Morgan Stanley increased its stake in O’Reilly Automotive by 113.8% during the 4th quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock worth $1,007,597,000 after buying an additional 635,416 shares during the period. Moneta Group Investment Advisors LLC increased its stake in O’Reilly Automotive by 101,509.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock worth $448,531,000 after buying an additional 530,893 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in O’Reilly Automotive by 128.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after buying an additional 386,822 shares during the period. Finally, Bank of America Corp DE increased its stake in O’Reilly Automotive by 47.7% during the 4th quarter. Bank of America Corp DE now owns 1,186,104 shares of the specialty retailer’s stock worth $1,001,107,000 after buying an additional 382,946 shares during the period. Hedge funds and other institutional investors own 90.50% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, EVP Thomas Mcfall sold 4,025 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $962.02, for a total transaction of $3,872,130.50. Following the completion of the transaction, the executive vice president now directly owns 5,901 shares of the company’s stock, valued at approximately $5,676,880.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other O’Reilly Automotive news, EVP Thomas Mcfall sold 4,025 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $962.02, for a total transaction of $3,872,130.50. Following the completion of the transaction, the executive vice president now directly owns 5,901 shares of the company’s stock, valued at approximately $5,676,880.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence P. Oreilly sold 550 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $935.50, for a total transaction of $514,525.00. Following the sale, the director now owns 51,958 shares in the company, valued at $48,606,709. The disclosure for this sale can be found here. Insiders sold 45,183 shares of company stock valued at $42,243,407 in the last ninety days. Company insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

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ORLY has been the topic of several analyst reports. Roth Mkm lifted their price target on shares of O’Reilly Automotive from $940.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, May 12th. Evercore ISI lifted their price target on shares of O’Reilly Automotive from $945.00 to $950.00 in a research note on Tuesday, April 25th. Wedbush raised their price objective on shares of O’Reilly Automotive from $820.00 to $920.00 in a report on Thursday, April 27th. StockNews.com raised shares of O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Finally, Citigroup raised their price objective on shares of O’Reilly Automotive from $893.00 to $916.00 in a report on Friday, April 28th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average price target of $933.38.

O’Reilly Automotive Stock Down 0.9 %

O’Reilly Automotive stock opened at $919.02 on Monday. The firm has a 50-day moving average price of $917.05 and a two-hundred day moving average price of $858.88. The firm has a market capitalization of $55.95 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.88 and a beta of 0.88. O’Reilly Automotive, Inc. has a 52-week low of $581.32 and a 52-week high of $964.58.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last posted its earnings results on Thursday, April 27th. The specialty retailer reported $8.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.00 by $0.28. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.58 billion. O’Reilly Automotive had a net margin of 14.90% and a negative return on equity of 176.66%. O’Reilly Automotive’s revenue was up 12.5% ​​on a year-over-year basis. During the same period in the previous year, the business posted $7.17 EPS. Research analysts expect that O’Reilly Automotive, Inc. will post 37.19 earnings per share for the current year.

About O’Reilly Automotive

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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 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.

Further Reading

Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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