Summit X LLC Has $9.40 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Summit X LLC decreased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,924 shares of the specialty retailer’s stock after selling 206 shares during the period. O’Reilly Automotive accounts for about 2.1% of Summit X LLC’s holdings, making the stock its 13th largest position. Summit X LLC’s holdings in O’Reilly Automotive were worth $9,395,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Annex Advisory Services LLC boosted its stake in O’Reilly Automotive by 23.2% during the 4th quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock valued at $40,349,000 after purchasing an additional 6,418 shares during the period. CIBC Asset Management Inc boosted its stake in O’Reilly Automotive by 4.7% during the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after purchasing an additional 882 shares during the period. Montecito Bank & Trust bought a new stake in O’Reilly Automotive during the 4th quarter valued at approximately $365,000. Y Intercept Hong Kong Ltd boosted its stake in O’Reilly Automotive by 824.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock valued at $4,276,000 after purchasing an additional 3,216 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in O’Reilly Automotive by 6.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer’s stock valued at $32,138,000 after purchasing an additional 1,811 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 1.7 %

Shares of O’Reilly Automotive stock opened at $1,324.06 on Wednesday. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,389.05. The business has a fifty day simple moving average of $1,284.05 and a 200 day simple moving average of $1,221.60. The stock has a market cap of $75.83 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. BMO Capital Markets raised their price objective on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. DA Davidson raised their target price on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Barclays raised their target price on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Wedbush raised their target price on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Finally, Guggenheim restated a “buy” rating and set a $1,475.00 target price on shares of O’Reilly Automotive in a research report on Monday. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Buy” and a consensus price target of $1,390.81.

Insiders Place Their Bets

In other news, EVP Jason Lee Tarrant sold 1,992 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the sale, the executive vice president now directly owns 1,398 shares in the company, valued at $1,872,061.80. The trade was a 58.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brad W. Beckham sold 833 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the sale, the chief executive officer now owns 760 shares in the company, valued at approximately $988,000. This trade represents a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,894 shares of company stock worth $10,409,618. Corporate insiders own 1.18% 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.