O’Reilly Automotive, Inc. $ORLY Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.5% during the first quarter, Holdings Channel.com reports. The firm owned 5,125,882 shares of the specialty retailer’s stock after selling 23,434 shares during the quarter. Royal Bank of Canada’s holdings in O’Reilly Automotive were worth $473,169,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ORLY. Welch Group LLC increased its stake in O’Reilly Automotive by 0.8% during the fourth quarter. Welch Group LLC now owns 13,342 shares of the specialty retailer’s stock worth $1,217,000 after acquiring an additional 102 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in O’Reilly Automotive by 2.4% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,397 shares of the specialty retailer’s stock valued at $401,000 after buying an additional 104 shares during the period. Capital Advisory Group Advisory Services LLC boosted its stake in O’Reilly Automotive by 1.9% during the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 5,702 shares of the specialty retailer’s stock worth $520,000 after buying an additional 107 shares during the period. Quadcap Wealth Management LLC raised its stake in shares of O’Reilly Automotive by 4.7% in the 3rd quarter. Quadcap Wealth Management LLC now owns 2,422 shares of the specialty retailer’s stock valued at $261,000 after acquiring an additional 108 shares during the period. Finally, Moss Adams Wealth Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 3.8% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 3,004 shares of the specialty retailer’s stock worth $274,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ORLY shares. Mizuho raised their price objective on shares of O’Reilly Automotive from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Robert W. Baird set a $110.00 price objective on O’Reilly Automotive in a research report on Friday, May 1st. Citigroup restated a “buy” rating and set a $115.00 price target (up from $110.00) on shares of O’Reilly Automotive in a report on Friday, May 1st. Roth Capital reissued a “buy” rating and set a $109.00 price objective on shares of O’Reilly Automotive in a research report on Monday, May 4th. Finally, Weiss Ratings cut shares of O’Reilly Automotive from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $110.22.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 2,595 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $88.67, for a total value of $230,098.65. Following the completion of the sale, the director owned 4,000 shares in the company, valued at $354,680. This represents a 39.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad W. Beckham sold 13,635 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $95.00, for a total transaction of $1,295,325.00. Following the completion of the sale, the chief executive officer directly owned 12,250 shares of the company’s stock, valued at $1,163,750. The trade was a 52.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 105,730 shares of company stock valued at $9,815,388. 0.77% of the stock is owned by company insiders.

O’Reilly Automotive Trading Up 0.6%

Shares of O’Reilly Automotive stock opened at $91.17 on Wednesday. The company has a fifty day simple moving average of $88.35 and a 200-day simple moving average of $91.75. O’Reilly Automotive, Inc. has a 12-month low of $82.59 and a 12-month high of $108.71. The stock has a market cap of $75.55 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.00 and a beta of 0.51.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, April 29th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.46 billion. O’Reilly Automotive had a negative return on equity of 263.22% and a net margin of 14.30%.The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $9.35 earnings per share. On average, analysts forecast that O’Reilly Automotive, Inc. will post 3.24 earnings per share for the current fiscal year.

O’Reilly Automotive Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do?it?yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.