Parnassus Investments LLC Sells 5,808 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Parnassus Investments LLC cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 78,776 shares of the specialty retailer’s stock after selling 5,808 shares during the quarter. Parnassus Investments LLC’s holdings in O’Reilly Automotive were worth $93,413,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ORLY. Venturi Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 8.5% during the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after purchasing an additional 9 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new position in O’Reilly Automotive in the 3rd quarter worth approximately $228,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in O’Reilly Automotive by 5.7% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 801 shares of the specialty retailer’s stock worth $922,000 after buying an additional 43 shares in the last quarter. Savvy Advisors Inc. bought a new position in O’Reilly Automotive in the 3rd quarter valued at $266,000. Finally, Haverford Trust Co increased its stake in shares of O’Reilly Automotive by 23.2% in the 3rd quarter. Haverford Trust Co now owns 281 shares of the specialty retailer’s stock valued at $324,000 after buying an additional 53 shares during the period. 85.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Gregory L. Henslee sold 3,073 shares of O’Reilly Automotive stock in a transaction that occurred 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 owns 11,397 shares of the company’s stock, valued at approximately $14,988,764.55. This trade represents a 21.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 248 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total value of $326,410.16. Following the transaction, the director now directly owns 971 shares of the company’s stock, valued at approximately $1,278,001.07. This trade represents a 20.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock worth $10,409,618 over the last ninety days. Company insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. BMO Capital Markets upped their target price on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. DA Davidson lifted their price target on shares of 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. Wedbush increased their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Finally, Guggenheim reaffirmed a “buy” rating and set a $1,475.00 target price on shares of O’Reilly Automotive in a report 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,289.49 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,389.05. The company has a market capitalization of $73.85 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. The business has a 50-day moving average of $1,288.56 and a two-hundred day moving average of $1,222.68.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS 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%. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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.