Western Financial Corp CA Reduces Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Western Financial Corp CA cut its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,717 shares of the specialty retailer’s stock after selling 14 shares during the period. O’Reilly Automotive comprises approximately 1.1% of Western Financial Corp CA’s portfolio, making the stock its 18th largest position. Western Financial Corp CA’s holdings in O’Reilly Automotive were worth $1,978,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of O’Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after purchasing an additional 75,837 shares during the period. Principal Financial Group Inc. grew its position in shares of O’Reilly Automotive by 3.2% during the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock worth $1,954,404,000 after acquiring an additional 57,194 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of O’Reilly Automotive by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after acquiring an additional 19,211 shares during the period. JPMorgan Chase & Co. raised its position in O’Reilly Automotive by 56.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after purchasing an additional 376,167 shares during the last quarter. Finally, Legal & General Group Plc raised its position in O’Reilly Automotive by 5.2% in the 2nd 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 last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Ratings Changes

ORLY has been the subject of a number of research reports. 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 report on Thursday, July 18th. Royal Bank of Canada dropped their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company increased their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Roth Mkm reissued a “buy” rating and issued a $1,337.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,206.87.

Insider Activity

In other news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares in the company, valued at $296,800. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 in the last 90 days. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Stock Up 0.4 %

NASDAQ ORLY traded up $4.85 during mid-day trading on Monday, hitting $1,215.81. The stock had a trading volume of 90,872 shares, compared to its average volume of 373,624. The company has a 50 day simple moving average of $1,142.14 and a 200 day simple moving average of $1,078.34. The company has a market cap of $71.60 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 2.29 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,221.05.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business earned $10.22 earnings per share. As a group, equities analysts anticipate that O’Reilly Automotive, Inc. will post 41.1 earnings per share for the current fiscal year.

O’Reilly Automotive Company 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.