O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stake Lessened by Argent Capital Management LLC

Argent Capital Management LLC trimmed its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,731 shares of the specialty retailer’s stock after selling 1,006 shares during the period. O’Reilly Automotive comprises approximately 1.4% of Argent Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Argent Capital Management LLC owned about 0.07% of O’Reilly Automotive worth $49,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the third quarter valued at about $32,000. Trifecta Capital Advisors LLC grew its position in O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in O’Reilly Automotive during the third quarter worth about $37,000. Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive during the third quarter worth about $41,000. Finally, Kieckhefer Group LLC bought a new position in O’Reilly Automotive during the fourth quarter worth about $59,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Down 0.0 %

Shares of ORLY stock opened at $1,204.04 on Thursday. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,283.96. The firm has a market capitalization of $69.51 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 2.23 and a beta of 0.94. The firm has a fifty day moving average of $1,224.54 and a 200-day moving average of $1,158.85.

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

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now directly owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Evercore ISI raised their price target on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,270.69.

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.