Alberta Investment Management Corp Sells 9,500 Shares of O’Reilly Automotive Inc (NASDAQ:ORLY)

Alberta Investment Management Corp reduced its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 22.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 32,200 shares of the specialty retailer’s stock after selling 9,500 shares during the period. Alberta Investment Management Corp’s holdings in O’Reilly Automotive were worth $12,832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of O’Reilly Automotive by 14.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,013,656 shares of the specialty retailer’s stock worth $1,475,299,000 after acquiring an additional 509,286 shares during the last quarter. Invesco Ltd. lifted its stake in O’Reilly Automotive by 74.8% in the second quarter. Invesco Ltd. now owns 2,016,087 shares of the specialty retailer’s stock worth $744,582,000 after purchasing an additional 862,531 shares during the last quarter. Bank of America Corp DE lifted its stake in O’Reilly Automotive by 18.7% in the second quarter. Bank of America Corp DE now owns 1,182,500 shares of the specialty retailer’s stock worth $436,720,000 after purchasing an additional 186,308 shares during the last quarter. APG Asset Management N.V. lifted its stake in O’Reilly Automotive by 20.6% in the second quarter. APG Asset Management N.V. now owns 523,253 shares of the specialty retailer’s stock worth $169,694,000 after purchasing an additional 89,400 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in O’Reilly Automotive by 958.6% in the second quarter. Nuveen Asset Management LLC now owns 452,924 shares of the specialty retailer’s stock worth $167,274,000 after purchasing an additional 410,139 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

In other news, SVP Jeffrey Alan Lauro acquired 150 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $368.33 per share, for a total transaction of $55,249.50. Following the completion of the transaction, the senior vice president now owns 422 shares of the company’s stock, valued at $155,435.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Raymond Murphy sold 122 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $385.92, for a total transaction of $47,082.24. The disclosure for this sale can be found here. Insiders sold 1,773 shares of company stock worth $669,481 in the last 90 days. Corporate insiders own 2.52% of the company’s stock.

ORLY stock opened at $437.30 on Friday. The firm’s 50-day moving average price is $397.88 and its two-hundred day moving average price is $385.48. O’Reilly Automotive Inc has a 12-month low of $314.14 and a 12-month high of $442.15. The stock has a market capitalization of $30.64 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.62 and a beta of 0.72. The company has a current ratio of 0.85, a quick ratio of 0.10 and a debt-to-equity ratio of 37.43.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $5.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $0.29. O’Reilly Automotive had a net margin of 13.69% and a return on equity of 391.89%. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the company earned $4.50 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts predict that O’Reilly Automotive Inc will post 17.54 EPS for the current year.

Several analysts have weighed in on the stock. Wolfe Research raised shares of O’Reilly Automotive from a “peer perform” rating to an “outperform” rating and set a $436.00 price target for the company in a research note on Tuesday, October 8th. Citigroup downgraded shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $441.00 to $430.00 in a research note on Friday, September 13th. Northcoast Research downgraded shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating in a research note on Thursday, June 27th. Royal Bank of Canada set a $428.00 price target on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, ValuEngine downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. O’Reilly Automotive has a consensus rating of “Hold” and a consensus target price of $411.93.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

Further Reading: Mutual Funds

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

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