Contravisory Investment Management Inc. Has $502,000 Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Contravisory Investment Management Inc. lowered its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423 shares of the specialty retailer’s stock after selling 34 shares during the period. Contravisory Investment Management Inc.’s holdings in O’Reilly Automotive were worth $502,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Handelsbanken Fonder AB boosted its holdings in O’Reilly Automotive by 2.5% in the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after acquiring an additional 727 shares during the last quarter. Assetmark Inc. lifted its position in shares of O’Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after purchasing an additional 3,193 shares during the period. Marshfield Associates boosted its stake in shares of O’Reilly Automotive by 0.6% in the 2nd quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock valued at $319,866,000 after purchasing an additional 1,718 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of O’Reilly Automotive by 4.7% during the third quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock worth $22,568,000 after buying an additional 882 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in O’Reilly Automotive by 9.5% during the second quarter. Public Sector Pension Investment Board now owns 10,195 shares of the specialty retailer’s stock worth $10,767,000 after buying an additional 883 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on ORLY shares. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Wedbush reissued a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Royal Bank of Canada boosted their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Evercore ISI boosted their target price on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. 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. According to MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average price target of $1,270.69.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,204.04 on Thursday. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,283.96. The company has a market cap of $69.51 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 2.23 and a beta of 0.94. The stock’s fifty day moving average price is $1,224.54 and its 200-day moving average price is $1,158.85.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. O’Reilly Automotive’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $10.72 EPS. As a group, analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Insider Activity

In related news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.