Chemung Canal Trust Co. Sells 792 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)


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Chemung Canal Trust Co. decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 55.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 627 shares of the specialty retailer’s stock after selling 792 shares during the period. Chemung Canal Trust Co.’s holdings in O’Reilly Automotive were worth $318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Resonant Capital Advisors LLC raised its position in shares of O’Reilly Automotive by 2.7% in the 4th quarter. Resonant Capital Advisors LLC now owns 843 shares of the specialty retailer’s stock worth $382,000 after acquiring an additional 22 shares in the last quarter. Cerity Partners LLC raised its position in shares of O’Reilly Automotive by 0.6% in the 4th quarter. Cerity Partners LLC now owns 3,616 shares of the specialty retailer’s stock worth $1,636,000 after acquiring an additional 22 shares in the last quarter. Atticus Wealth Management LLC raised its position in shares of O’Reilly Automotive by 9.8% in the 4th quarter. Atticus Wealth Management LLC now owns 269 shares of the specialty retailer’s stock worth $122,000 after acquiring an additional 24 shares in the last quarter. Kalos Management Inc. raised its position in shares of O’Reilly Automotive by 1.2% in the 4th quarter. Kalos Management Inc. now owns 2,183 shares of the specialty retailer’s stock worth $989,000 after acquiring an additional 25 shares in the last quarter. Finally, Greenleaf Trust raised its position in shares of O’Reilly Automotive by 1.9% in the 4th quarter. Greenleaf Trust now owns 1,727 shares of the specialty retailer’s stock worth $782,000 after acquiring an additional 33 shares in the last quarter. 82.00% of the stock is owned by institutional investors and hedge funds.

ORLY has been the topic of several recent research reports. Credit Suisse Group restated a “hold” rating on shares of O’Reilly Automotive in a research note on Thursday, April 1st. Morgan Stanley upped their price target on O’Reilly Automotive from $510.00 to $560.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 31st. Citigroup assumed coverage on O’Reilly Automotive in a research note on Monday, March 15th. They issued a “neutral” rating and a $493.00 price target on the stock. Oppenheimer reiterated a “buy” rating and set a $555.00 target price on shares of O’Reilly Automotive in a research note on Thursday, February 11th. Finally, Stephens increased their target price on O’Reilly Automotive from $530.00 to $575.00 and gave the company an “overweight” rating in a research note on Friday, March 26th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $502.36.

Shares of O’Reilly Automotive stock opened at $513.90 on Thursday. O’Reilly Automotive, Inc. has a one year low of $332.16 and a one year high of $516.92. The stock’s fifty day moving average is $477.64 and its 200 day moving average is $459.53. The stock has a market cap of $35.93 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.44 and a beta of 0.98. The company has a debt-to-equity ratio of 5.81, a quick ratio of 0.35 and a current ratio of 0.98.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Tuesday, February 9th. The specialty retailer reported $5.40 EPS for the quarter, topping the Zacks’ consensus estimate of $5.13 by $0.27. O’Reilly Automotive had a return on equity of 373.35% and a net margin of 14.96%. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period last year, the firm earned $4.25 EPS. O’Reilly Automotive’s revenue for the quarter was up 13.9% compared to the same quarter last year. Analysts predict that O’Reilly Automotive, Inc. will post 23.13 EPS for the current year.

O’Reilly Automotive declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 10th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other O’Reilly Automotive news, Director Thomas Hendrickson sold 350 shares of the firm’s stock in a transaction dated Tuesday, February 23rd. The stock was sold at an average price of $450.00, for a total transaction of $157,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 26th. The shares were sold at an average price of $500.26, for a total value of $2,501,300.00. Following the transaction, the senior vice president now owns 6,027 shares of the company’s stock, valued at approximately $3,015,067.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,409 shares of company stock worth $22,254,747. 2.43% of the stock is owned by insiders.

O’Reilly Automotive Profile

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including 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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