O’Reilly Automotive (NASDAQ:ORLY) Chairman Sells 138,705 Shares of Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) Chairman Gregory Henslee sold 138,705 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $91.75, for a total transaction of $12,726,183.75. Following the sale, the chairman directly owned 241,950 shares in the company, valued at $22,198,912.50. This represents a 36.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY traded down $1.60 during trading on Friday, reaching $89.89. The stock had a trading volume of 7,235,022 shares, compared to its average volume of 6,501,072. O’Reilly Automotive, Inc. has a 52 week low of $82.59 and a 52 week high of $102.46. The business’s 50-day moving average price is $87.29 and its 200 day moving average price is $90.46. The stock has a market capitalization of $72.72 billion, a PE ratio of 27.57, a P/E/G ratio of 2.19 and a beta of 0.55.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.02 billion. O’Reilly Automotive had a negative return on equity of 188.24% and a net margin of 14.27%. O’Reilly Automotive’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. Analysts forecast that O’Reilly Automotive, Inc. will post 3.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on ORLY shares. Raymond James Financial reissued an “outperform” rating and issued a $110.00 price objective (down from $115.00) on shares of O’Reilly Automotive in a research note on Friday, July 31st. TD Cowen decreased their target price on O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Citigroup restated a “buy” rating and issued a $106.00 target price (up from $104.00) on shares of O’Reilly Automotive in a research note on Monday, August 3rd. Wolfe Research set a $98.00 price target on O’Reilly Automotive in a report on Wednesday, July 15th. Finally, Robert W. Baird set a $100.00 price target on O’Reilly Automotive and gave the company a “neutral” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Hedge Funds Weigh In On O’Reilly Automotive

A number of large investors have recently modified their holdings of the stock. Kelleher Financial Advisors acquired a new position in O’Reilly Automotive during the 2nd quarter worth $28,000. Fiduciary Financial Advisors bought a new position in O’Reilly Automotive in the 2nd quarter valued at $28,000. Whipplewood Advisors LLC boosted its position in O’Reilly Automotive by 1,552.6% in the 1st quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 295 shares during the last quarter. Bell Investment Advisors Inc acquired a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at $29,000. Finally, MidFirst Bank acquired a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at $34,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops.

The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers.

Founded in 1957 by Charles F.