O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 144,236 shares of the specialty retailer’s stock after selling 1,885 shares during the period. King Luther Capital Management Corp’s holdings in O’Reilly Automotive were worth $171,035,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ORLY. AlphaMark Advisors LLC purchased a new position in O’Reilly Automotive during the fourth quarter worth about $30,000. Darwin Wealth Management LLC purchased a new position in O’Reilly Automotive during the third quarter worth about $32,000. Kestra Investment Management LLC purchased a new position in O’Reilly Automotive in the fourth quarter valued at about $32,000. MidAtlantic Capital Management Inc. purchased a new position in O’Reilly Automotive in the third quarter valued at about $37,000. Finally, Retirement Wealth Solutions LLC purchased a new position in O’Reilly Automotive in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

ORLY opened at $1,346.58 on Tuesday. The company has a 50-day moving average of $1,281.29 and a 200-day moving average of $1,220.14. The company has a market capitalization of $77.12 billion, a P/E ratio of 33.12, a PEG ratio of 2.34 and a beta of 0.91. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,389.05.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ORLY shares. Royal Bank of Canada increased their target price on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Wedbush raised their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. UBS Group raised 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 research note on Friday, February 7th. Finally, Guggenheim reissued a “buy” rating and set a $1,475.00 price objective on shares of O’Reilly Automotive in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $1,390.81.

Insider Transactions at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 3,073 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the completion of the sale, the chairman now owns 11,397 shares of the company’s stock, valued at $14,988,764.55. This represents a 21.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maria Sastre sold 248 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 971 shares of the company’s stock, valued at approximately $1,278,001.07. This represents a 20.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,894 shares of company stock valued at $10,409,618. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Company Profile

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.