Chicago Capital LLC Reduces Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Chicago Capital LLC lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,775 shares of the specialty retailer’s stock after selling 10 shares during the quarter. Chicago Capital LLC’s holdings in O’Reilly Automotive were worth $2,931,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ORLY. Private Advisor Group LLC lifted its holdings in shares of O’Reilly Automotive by 1.1% in the 2nd quarter. Private Advisor Group LLC now owns 2,421 shares of the specialty retailer’s stock valued at $2,557,000 after purchasing an additional 26 shares during the last quarter. Arcadia Investment Management Corp MI lifted its stake in O’Reilly Automotive by 0.9% in the second quarter. Arcadia Investment Management Corp MI now owns 12,032 shares of the specialty retailer’s stock valued at $12,707,000 after buying an additional 103 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of O’Reilly Automotive by 0.8% in the second quarter. Arizona State Retirement System now owns 17,115 shares of the specialty retailer’s stock valued at $18,074,000 after acquiring an additional 136 shares during the period. Waverton Investment Management Ltd grew its position in shares of O’Reilly Automotive by 46.8% during the second quarter. Waverton Investment Management Ltd now owns 31,962 shares of the specialty retailer’s stock worth $33,769,000 after acquiring an additional 10,189 shares during the last quarter. Finally, 9258 Wealth Management LLC increased its holdings in shares of O’Reilly Automotive by 6.3% in the 2nd quarter. 9258 Wealth Management LLC now owns 595 shares of the specialty retailer’s stock valued at $628,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In other news, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the sale, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the sale, the chairman now owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is owned by insiders.

O’Reilly Automotive Stock Down 1.6 %

Shares of ORLY traded down $18.41 during mid-day trading on Friday, reaching $1,119.18. 325,758 shares of the company’s stock were exchanged, compared to its average volume of 387,251. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The company has a market cap of $65.91 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.15 and a beta of 0.92. The company has a 50-day simple moving average of $1,091.92 and a two-hundred day simple moving average of $1,068.62.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results 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). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the previous year, the business posted $10.22 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts predict that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ORLY. Evercore ISI boosted their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Bank of America upped their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Wedbush reissued a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Finally, UBS Group reduced their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus target price of $1,144.06.

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.