Washington Trust Advisors Inc. Sells 17 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Washington Trust Advisors Inc. cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 27.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44 shares of the specialty retailer’s stock after selling 17 shares during the quarter. Washington Trust Advisors Inc.’s holdings in O’Reilly Automotive were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Trifecta Capital Advisors LLC grew its stake in shares of O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in O’Reilly Automotive during the 3rd quarter valued at approximately $41,000. Crewe Advisors LLC bought a new stake in O’Reilly Automotive during the 1st quarter valued at approximately $43,000. Kings Path Partners LLC bought a new stake in O’Reilly Automotive during the 2nd quarter valued at approximately $44,000. Finally, ORG Partners LLC bought a new stake in O’Reilly Automotive during the 2nd quarter valued at approximately $48,000. 85.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on ORLY. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Barclays lifted their price objective on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. TD Cowen lifted their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. UBS Group lowered their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, Wells Fargo & Company lifted their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Trading Up 0.3 %

NASDAQ:ORLY opened at $1,217.70 on Friday. O’Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,239.65. The company has a market cap of $70.64 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. The company has a 50 day simple moving average of $1,161.22 and a two-hundred day simple moving average of $1,088.58.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the firm earned $10.72 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Research analysts forecast that O’Reilly Automotive, Inc. will post 40.82 earnings per share for the current year.

Insider Activity

In other news, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the sale, the director now directly owns 141,589 shares of the company’s stock, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,322 shares of company stock valued at $18,280,698 in the last 90 days. Company insiders own 1.55% 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.