KBC Group NV Sells 140 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

KBC Group NV lowered its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.1% in the third quarter, HoldingsChannel reports. The fund owned 12,733 shares of the specialty retailer’s stock after selling 140 shares during the period. KBC Group NV’s holdings in O’Reilly Automotive were worth $14,664,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Bank Pictet & Cie Asia Ltd. bought a new position in shares of O’Reilly Automotive in the second quarter valued at $800,000. Handelsbanken Fonder AB raised its holdings in shares of O’Reilly Automotive by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after purchasing an additional 727 shares during the period. Assetmark Inc. lifted its stake in O’Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after purchasing an additional 3,193 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in O’Reilly Automotive by 5.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after purchasing an additional 701 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in O’Reilly Automotive by 90.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock worth $15,458,000 after buying an additional 6,954 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ORLY. TD Cowen increased their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. DA Davidson restated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Royal Bank of Canada boosted their price objective on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

Insider Buying and Selling

In other news, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the completion of the sale, the director now directly owns 141,589 shares of the company’s stock, valued at $158,511,717.28. The trade was a 8.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,322 shares of company stock valued at $18,280,698. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Trading Down 0.9 %

ORLY stock opened at $1,213.37 on Friday. O’Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,255.30. The stock has a 50-day moving average price of $1,168.95 and a 200-day moving average price of $1,093.06. The firm has a market cap of $70.05 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the firm earned $10.72 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

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.