Carderock Capital Management Inc. Decreases Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Carderock Capital Management Inc. lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,546 shares of the specialty retailer’s stock after selling 197 shares during the quarter. O’Reilly Automotive makes up approximately 2.2% of Carderock Capital Management Inc.’s portfolio, making the stock its 17th biggest position. Carderock Capital Management Inc.’s holdings in O’Reilly Automotive were worth $8,948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in O’Reilly Automotive by 99,957.0% during the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after purchasing an additional 853,633 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of O’Reilly Automotive by 73.0% during the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock valued at $1,986,874,000 after buying an additional 728,040 shares during the period. Mizuho Securities USA LLC raised its holdings in shares of O’Reilly Automotive by 10,626.8% during the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after acquiring an additional 482,670 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in O’Reilly Automotive by 28.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock worth $692,816,000 after acquiring an additional 133,139 shares during the period. Finally, Marshall Wace LLP lifted its stake in O’Reilly Automotive by 809.8% in the second quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock worth $96,078,000 after acquiring an additional 80,978 shares during the period. Institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ORLY shares. Evercore ISI upped their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Roth Mkm reissued a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. DA Davidson restated a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Morgan Stanley raised their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and an average target price of $1,270.69.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,216.79 on Friday. The stock has a market cap of $70.25 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.23 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,283.96. The firm’s 50-day moving average is $1,223.74 and its 200 day moving average is $1,159.48.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.72 EPS. On average, equities analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

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.