DF Dent & Co. Inc. Decreases Stake in O’Reilly Automotive Inc (ORLY)

DF Dent & Co. Inc. reduced its holdings in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,241 shares of the specialty retailer’s stock after selling 824 shares during the quarter. DF Dent & Co. Inc.’s holdings in O’Reilly Automotive were worth $15,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ORLY. Wells Fargo & Company MN grew its stake in shares of O’Reilly Automotive by 13.2% during the 1st quarter. Wells Fargo & Company MN now owns 613,307 shares of the specialty retailer’s stock worth $151,720,000 after acquiring an additional 71,688 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of O’Reilly Automotive by 11.9% during the 1st quarter. Victory Capital Management Inc. now owns 8,048 shares of the specialty retailer’s stock worth $1,991,000 after acquiring an additional 859 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of O’Reilly Automotive by 57.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 70,624 shares of the specialty retailer’s stock valued at $17,471,000 after buying an additional 25,830 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of O’Reilly Automotive by 62.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 8,516 shares of the specialty retailer’s stock valued at $2,107,000 after buying an additional 3,270 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of O’Reilly Automotive in the first quarter valued at $232,000. 86.05% of the stock is owned by institutional investors.

In other O’Reilly Automotive news, EVP Brad W. Beckham sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $305.35, for a total transaction of $1,526,750.00. Following the completion of the sale, the executive vice president now owns 5,428 shares of the company’s stock, valued at approximately $1,657,439.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence P. Oreilly sold 19,250 shares of the firm’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $284.18, for a total value of $5,470,465.00. Following the sale, the director now directly owns 136,740 shares of the company’s stock, valued at approximately $38,858,773.20. The disclosure for this sale can be found here. Insiders have sold a total of 243,927 shares of company stock valued at $73,976,510 in the last ninety days. Insiders own 3.12% of the company’s stock.

ORLY has been the subject of several analyst reports. UBS Group raised their target price on shares of O’Reilly Automotive from $310.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Wells Fargo & Co reissued a “buy” rating and issued a $320.00 target price on shares of O’Reilly Automotive in a research note on Thursday, July 19th. Jefferies Financial Group reissued a “buy” rating and issued a $350.00 target price on shares of O’Reilly Automotive in a research note on Friday, July 27th. BidaskClub raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Finally, Stephens reissued a “buy” rating and issued a $350.00 target price on shares of O’Reilly Automotive in a research note on Friday, July 27th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $323.27.

Shares of O’Reilly Automotive stock opened at $341.81 on Friday. O’Reilly Automotive Inc has a 1 year low of $190.00 and a 1 year high of $351.65. The firm has a market cap of $27.71 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 1.38 and a beta of 0.99. The company has a debt-to-equity ratio of 8.45, a current ratio of 0.92 and a quick ratio of 0.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 25th. The specialty retailer reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.24. O’Reilly Automotive had a return on equity of 229.48% and a net margin of 13.42%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter last year, the firm posted $3.10 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. sell-side analysts forecast that O’Reilly Automotive Inc will post 15.91 EPS for the current fiscal year.

O’Reilly Automotive Company Profile

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, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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

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