JLB & Associates Inc. trimmed its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,328 shares of the specialty retailer’s stock after selling 289 shares during the period. O'Reilly Automotive makes up 1.8% of JLB & Associates Inc.’s investment portfolio, making the stock its 26th largest holding. JLB & Associates Inc.’s holdings in O'Reilly Automotive were worth $9,833,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its holdings in shares of O'Reilly Automotive by 85.1% in the 1st quarter. Meeder Asset Management Inc. now owns 87 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Kore Private Wealth LLC raised its holdings in O'Reilly Automotive by 270.6% during the second quarter. Kore Private Wealth LLC now owns 63 shares of the specialty retailer’s stock worth $26,000 after buying an additional 46 shares during the last quarter. CX Institutional lifted its stake in shares of O'Reilly Automotive by 168.0% in the second quarter. CX Institutional now owns 67 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 42 shares in the last quarter. Asset Advisors Investment Management LLC acquired a new position in shares of O'Reilly Automotive during the second quarter valued at about $32,000. Finally, Nachman Norwood & Parrott Inc bought a new stake in shares of O'Reilly Automotive during the third quarter worth about $36,000. 81.99% of the stock is owned by institutional investors.
In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 10,000 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $445.82, for a total transaction of $4,458,200.00. Following the sale, the senior vice president now owns 10,807 shares of the company’s stock, valued at approximately $4,817,976.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Richard Darin Venosdel sold 2,500 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $482.39, for a total value of $1,205,975.00. Following the sale, the senior vice president now owns 4,084 shares in the company, valued at approximately $1,970,080.76. The disclosure for this sale can be found here. Insiders have sold 64,850 shares of company stock valued at $30,238,785 in the last quarter. Company insiders own 2.43% of the company’s stock.
O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 29th. The specialty retailer reported $7.10 earnings per share for the quarter, topping the consensus estimate of $4.10 by $3.00. O'Reilly Automotive had a return on equity of 490.94% and a net margin of 14.45%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company earned $4.51 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. Analysts expect that O'Reilly Automotive, Inc. will post 21.58 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. Exane BNP Paribas started coverage on O'Reilly Automotive in a research note on Monday, October 5th. They set an “outperform” rating and a $573.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of O'Reilly Automotive in a research report on Thursday, July 30th. Zacks Investment Research lowered O'Reilly Automotive from a “buy” rating to a “hold” rating and set a $481.00 price target for the company. in a research report on Monday, October 5th. Wedbush lifted their price objective on shares of O'Reilly Automotive from $420.00 to $490.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, DA Davidson began coverage on shares of O'Reilly Automotive in a research note on Friday, August 14th. They issued a “neutral” rating and a $508.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $471.47.
About O'Reilly Automotive
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail 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, lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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