Los Angeles Capital Management LLC Has $52.35 Million Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Los Angeles Capital Management LLC lowered its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 16.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,567 shares of the specialty retailer’s stock after selling 9,673 shares during the quarter. Los Angeles Capital Management LLC’s holdings in O’Reilly Automotive were worth $52,346,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Private Advisor Group LLC boosted its holdings in O’Reilly Automotive by 1.1% in the 2nd quarter. Private Advisor Group LLC now owns 2,421 shares of the specialty retailer’s stock valued at $2,557,000 after purchasing an additional 26 shares during the period. Arcadia Investment Management Corp MI grew its position in O’Reilly Automotive by 0.9% during the second quarter. Arcadia Investment Management Corp MI now owns 12,032 shares of the specialty retailer’s stock worth $12,707,000 after buying an additional 103 shares in the last quarter. Arizona State Retirement System grew its position in O’Reilly Automotive by 0.8% during the second quarter. Arizona State Retirement System now owns 17,115 shares of the specialty retailer’s stock worth $18,074,000 after buying an additional 136 shares in the last quarter. Waverton Investment Management Ltd increased its stake in O’Reilly Automotive by 46.8% during the 2nd quarter. Waverton Investment Management Ltd now owns 31,962 shares of the specialty retailer’s stock worth $33,769,000 after acquiring an additional 10,189 shares during the period. Finally, 9258 Wealth Management LLC raised its holdings in O’Reilly Automotive by 6.3% in the 2nd quarter. 9258 Wealth Management LLC now owns 595 shares of the specialty retailer’s stock valued at $628,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the transaction, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman David E. Oreilly sold 1,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now directly owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by company insiders.

O’Reilly Automotive Price Performance

ORLY stock traded down $18.41 during midday trading on Friday, reaching $1,119.18. 325,758 shares of the stock were exchanged, compared to its average volume of 387,251. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. The company has a fifty day moving average price of $1,091.92 and a 200 day moving average price of $1,068.62. The stock has a market capitalization of $65.91 billion, a PE ratio of 28.41, a P/E/G ratio of 2.15 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter last year, the firm posted $10.22 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several analyst reports. Wells Fargo & Company increased their target price on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. UBS Group reduced their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. DA Davidson boosted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Evercore ISI increased their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Wedbush reissued a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,144.06.

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.