Westpac Banking Corp Sells 1,300 Shares of O’Reilly Automotive Inc (NASDAQ:ORLY)

Westpac Banking Corp cut its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 5.6% in the first quarter, HoldingsChannel.com reports. The firm owned 21,767 shares of the specialty retailer’s stock after selling 1,300 shares during the quarter. Westpac Banking Corp’s holdings in O’Reilly Automotive were worth $8,452,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $26,000. Virtus ETF Advisers LLC purchased a new stake in O’Reilly Automotive during the 4th quarter worth about $25,000. CX Institutional purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $35,000. Berman Capital Advisors LLC purchased a new stake in O’Reilly Automotive during the 4th quarter worth about $31,000. Finally, Paragon Capital Management LLC purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 85.61% of the company’s stock.

ORLY has been the subject of a number of recent analyst reports. Citigroup lifted their price target on O’Reilly Automotive from $422.00 to $454.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Morgan Stanley boosted their target price on O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. BidaskClub downgraded O’Reilly Automotive from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Zacks Investment Research downgraded O’Reilly Automotive from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Finally, Raymond James boosted their target price on O’Reilly Automotive from $408.00 to $435.00 and gave the company a “strong-buy” rating in a report on Thursday, April 25th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $379.13.

In related news, Chairman David E. Oreilly sold 34,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $375.48, for a total value of $12,766,320.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lawrence P. Oreilly sold 5,600 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $375.48, for a total value of $2,102,688.00. Following the completion of the transaction, the director now owns 122,564 shares in the company, valued at approximately $46,020,330.72. The disclosure for this sale can be found here. Insiders sold a total of 42,886 shares of company stock worth $16,149,052 in the last 90 days. 2.52% of the stock is currently owned by insiders.

Shares of O’Reilly Automotive stock traded up $1.73 on Friday, hitting $389.30. The stock had a trading volume of 120,772 shares, compared to its average volume of 569,669. O’Reilly Automotive Inc has a 52-week low of $270.97 and a 52-week high of $414.63. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.10 and a current ratio of 0.84. The company has a market capitalization of $30.41 billion, a P/E ratio of 24.18, a PEG ratio of 1.41 and a beta of 0.79.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $4.05. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.44 billion. O’Reilly Automotive had a return on equity of 333.23% and a net margin of 13.87%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.61 EPS. As a group, analysts forecast that O’Reilly Automotive Inc will post 17.78 earnings per share for the current year.

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O’Reilly Automotive 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, 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.

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

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