Ieq Capital LLC Lowers Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ieq Capital LLC trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 43.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,977 shares of the specialty retailer’s stock after selling 2,281 shares during the period. Ieq Capital LLC’s holdings in O’Reilly Automotive were worth $3,531,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AlphaMark Advisors LLC purchased a new position in shares of O’Reilly Automotive during the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC purchased a new position in shares of O’Reilly Automotive during the third quarter valued at approximately $32,000. Kestra Investment Management LLC purchased a new position in shares of O’Reilly Automotive during the fourth quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. purchased a new position in shares of O’Reilly Automotive during the third quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC purchased a new position in O’Reilly Automotive in the 3rd quarter worth approximately $41,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Trading Down 0.7 %

NASDAQ:ORLY opened at $1,303.41 on Friday. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,350.27. The company has a 50 day simple moving average of $1,253.69 and a two-hundred day simple moving average of $1,202.38. The company has a market cap of $75.25 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. Research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity

In other news, Director Maria Sastre sold 248 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the completion of the sale, the director now owns 971 shares of the company’s stock, valued at $1,278,001.07. The trade was a 20.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark Joseph Merz sold 500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the sale, the senior vice president now directly owns 275 shares of the company’s stock, valued at approximately $364,375. The trade was a 64.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,201 shares of company stock valued at $2,840,852 in the last 90 days. Company insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ORLY. UBS Group boosted their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a report on Friday, February 7th. BMO Capital Markets boosted their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. DA Davidson boosted their price objective on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Barclays boosted their price objective on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $1,390.81.

About O’Reilly Automotive

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. 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.