Baird Financial Group Inc. Sells 1,074 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Baird Financial Group Inc. cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,660 shares of the specialty retailer’s stock after selling 1,074 shares during the quarter. Baird Financial Group Inc. owned approximately 0.56% of O’Reilly Automotive worth $217,798,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Teacher Retirement System of Texas raised its holdings in shares of O’Reilly Automotive by 335.5% in the 1st quarter. Teacher Retirement System of Texas now owns 85,191 shares of the specialty retailer’s stock valued at $43,213,000 after purchasing an additional 65,631 shares during the period. Raymond James Trust N.A. raised its holdings in shares of O’Reilly Automotive by 26.7% in the 2nd quarter. Raymond James Trust N.A. now owns 3,289 shares of the specialty retailer’s stock valued at $1,862,000 after purchasing an additional 694 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of O’Reilly Automotive by 17.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,634 shares of the specialty retailer’s stock valued at $12,159,000 after purchasing an additional 3,205 shares during the period. Trexquant Investment LP raised its holdings in shares of O’Reilly Automotive by 52.8% in the 1st quarter. Trexquant Investment LP now owns 4,697 shares of the specialty retailer’s stock valued at $2,383,000 after purchasing an additional 1,624 shares during the period. Finally, Fiduciary Trust Co. raised its holdings in shares of O’Reilly Automotive by 8.6% in the 1st quarter. Fiduciary Trust Co. now owns 5,390 shares of the specialty retailer’s stock valued at $2,734,000 after purchasing an additional 427 shares during the period. 79.53% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman David E. Oreilly sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 19th. The shares were sold at an average price of $601.56, for a total transaction of $3,007,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Thomas Mcfall sold 19,784 shares of the stock in a transaction that occurred on Tuesday, August 3rd. The stock was sold at an average price of $611.72, for a total transaction of $12,102,268.48. The disclosure for this sale can be found here. Insiders have sold a total of 95,628 shares of company stock worth $58,150,270 in the last quarter. 2.11% of the stock is currently owned by company insiders.

Shares of NASDAQ:ORLY traded up $13.44 on Wednesday, reaching $620.66. 6,861 shares of the company’s stock were exchanged, compared to its average volume of 512,455. The company has a fifty day moving average of $599.75 and a 200-day moving average of $556.13. O’Reilly Automotive, Inc. has a twelve month low of $424.03 and a twelve month high of $621.73. The company has a market capitalization of $42.80 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.51 and a beta of 1.08. The company has a current ratio of 0.82, a quick ratio of 0.19 and a debt-to-equity ratio of 17.57.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Tuesday, July 27th. The specialty retailer reported $8.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $7.28 by $1.05. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.16 billion. O’Reilly Automotive had a net margin of 15.94% and a return on equity of 757.31%. During the same quarter in the prior year, the business posted $7.10 EPS. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 27.65 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on ORLY shares. Bank of America cut shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and set a $680.00 target price on the stock. in a report on Friday, September 17th. They noted that the move was a valuation call. Wells Fargo & Company increased their price target on shares of O’Reilly Automotive from $660.00 to $670.00 and gave the company an “overweight” rating in a report on Thursday, July 29th. Morgan Stanley cut shares of O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and set a $630.00 price target on the stock. in a report on Friday, August 27th. Oppenheimer increased their price target on shares of O’Reilly Automotive from $590.00 to $690.00 and gave the company an “outperform” rating in a report on Friday, July 30th. Finally, Raymond James cut shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating and set a $619.56 price target on the stock. in a report on Tuesday, July 27th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $586.84.

About O’Reilly Automotive

O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, 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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