Geneva Capital Management LLC Trims Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Geneva Capital Management LLC cut its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,291 shares of the specialty retailer’s stock after selling 4,064 shares during the quarter. Geneva Capital Management LLC owned approximately 0.07% of O’Reilly Automotive worth $46,399,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ORLY. International Assets Investment Management LLC boosted its position in O’Reilly Automotive by 99,957.0% during the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after acquiring an additional 853,633 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of O’Reilly Automotive by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after purchasing an additional 376,167 shares during the last quarter. CCLA Investment Management purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at $95,481,000. Marshall Wace LLP increased its stake in O’Reilly Automotive by 809.8% in the second quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock valued at $96,078,000 after purchasing an additional 80,978 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock worth $5,739,462,000 after buying an additional 75,837 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,236.85 on Wednesday. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,244.50. The company has a market capitalization of $71.40 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.49 and a beta of 0.92. The firm’s fifty day moving average price is $1,163.19 and its 200 day moving average price is $1,089.75.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the business posted $10.72 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts forecast that O’Reilly Automotive, Inc. will post 40.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on ORLY. Wedbush restated a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. 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. Wells Fargo & Company increased their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Barclays upped their price objective on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Four 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

Insider Transactions at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now directly owns 183,583 shares of the company’s stock, valued at $205,407,347.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other O’Reilly Automotive 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 in the company, valued at $205,407,347.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the completion of the transaction, the director now owns 141,589 shares in the company, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,322 shares of company stock valued at $18,280,698. Insiders own 1.18% 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.