BBR Partners LLC cut its holdings in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 14.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,984 shares of the specialty retailer’s stock after selling 1,879 shares during the period. O’Reilly Automotive makes up about 0.6% of BBR Partners LLC’s portfolio, making the stock its 26th largest holding. BBR Partners LLC’s holdings in O’Reilly Automotive were worth $4,265,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. Advisors Preferred LLC purchased a new position in O’Reilly Automotive in the 1st quarter worth approximately $26,000. Virtus ETF Advisers LLC acquired a new stake in shares of O’Reilly Automotive during the 4th quarter worth approximately $25,000. CX Institutional acquired a new stake in shares of O’Reilly Automotive during the 1st quarter worth approximately $35,000. Berman Capital Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the 4th quarter worth approximately $31,000. Finally, Paragon Capital Management LLC acquired a new stake in shares of O’Reilly Automotive during the 1st quarter worth approximately $39,000. 85.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:ORLY traded down $6.27 on Wednesday, reaching $368.19. The company’s stock had a trading volume of 531,800 shares, compared to its average volume of 667,885. The business has a 50-day moving average price of $371.59. O’Reilly Automotive Inc has a 52-week low of $270.97 and a 52-week high of $414.63. The company has a quick ratio of 0.10, a current ratio of 0.84 and a debt-to-equity ratio of 13.67. The company has a market cap of $29.35 billion, a PE ratio of 22.87, a P/E/G ratio of 1.37 and a beta of 0.79.
O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 EPS for the quarter, meeting analysts’ consensus estimates of $4.05. O’Reilly Automotive had a net margin of 13.87% and a return on equity of 333.23%. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the company earned $3.61 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts forecast that O’Reilly Automotive Inc will post 17.78 earnings per share for the current year.
In related news, Director John Raymond Murphy sold 528 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $361.05, for a total transaction of $190,634.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jeff M. Shaw sold 2,758 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $395.00, for a total transaction of $1,089,410.00. Following the completion of the sale, the chief operating officer now owns 26,992 shares of the company’s stock, valued at $10,661,840. The disclosure for this sale can be found here. 2.52% of the stock is owned by corporate insiders.
A number of brokerages have recently issued reports on ORLY. Zacks Investment Research downgraded shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Morgan Stanley lifted their target price on shares of O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. BidaskClub downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Wells Fargo & Co lifted their target price on shares of O’Reilly Automotive from $415.00 to $445.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Finally, Citigroup lifted their target price on shares of O’Reilly Automotive from $422.00 to $454.00 and gave the company a “buy” rating in a report on Monday, April 1st. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $379.13.
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, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and 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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