Los Angeles Capital Management LLC Sells 22,149 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Los Angeles Capital Management LLC cut its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 94.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,380 shares of the specialty retailer’s stock after selling 22,149 shares during the quarter. Los Angeles Capital Management LLC’s holdings in O’Reilly Automotive were worth $1,636,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Oak Ridge Investments LLC boosted its position in shares of O’Reilly Automotive by 4.3% during the 3rd quarter. Oak Ridge Investments LLC now owns 12,576 shares of the specialty retailer’s stock worth $14,483,000 after purchasing an additional 513 shares in the last quarter. Principal Securities Inc. raised its stake in O’Reilly Automotive by 8.0% during the 3rd quarter. Principal Securities Inc. now owns 2,535 shares of the specialty retailer’s stock worth $2,919,000 after buying an additional 188 shares during the period. Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive in the third quarter worth approximately $41,000. Optas LLC bought a new position in O’Reilly Automotive in the third quarter worth approximately $261,000. Finally, KG&L Capital Management LLC grew its stake in O’Reilly Automotive by 6.9% in the third quarter. KG&L Capital Management LLC now owns 758 shares of the specialty retailer’s stock valued at $873,000 after acquiring an additional 49 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Up 1.5 %

ORLY stock opened at $1,373.64 on Friday. The stock has a market cap of $79.30 billion, a P/E ratio of 33.78, a P/E/G ratio of 2.34 and a beta of 0.94. The stock’s fifty day simple moving average is $1,264.60 and its two-hundred day simple moving average is $1,209.61. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,378.76.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ORLY. Wells Fargo & Company increased their target price on 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. BMO Capital Markets raised their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. UBS Group lifted their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a report on Friday, February 7th. Wedbush upped their target price on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Finally, Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,390.81.

Insider Activity

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 3,073 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the sale, the chairman now directly owns 11,397 shares in the company, valued at $14,988,764.55. The trade was a 21.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jason Lee Tarrant sold 1,992 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 1,398 shares of the company’s stock, valued at $1,872,061.80. The trade was a 58.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,894 shares of company stock valued at $10,409,618 in the last three months. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive 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.