Wealthfront Advisers LLC Sells 161 Shares of O’Reilly Automotive Inc (NASDAQ:ORLY)

Wealthfront Advisers LLC lessened its holdings in O’Reilly Automotive Inc (NASDAQ:ORLY) by 3.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,175 shares of the specialty retailer’s stock after selling 161 shares during the period. Wealthfront Advisers LLC’s holdings in O’Reilly Automotive were worth $2,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of ORLY. Sigma Planning Corp boosted its stake in shares of O’Reilly Automotive by 5.2% in the fourth quarter. Sigma Planning Corp now owns 610 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 30 shares in the last quarter. Parallel Advisors LLC raised its position in shares of O’Reilly Automotive by 5.4% during the 1st quarter. Parallel Advisors LLC now owns 625 shares of the specialty retailer’s stock worth $243,000 after purchasing an additional 32 shares during the period. Moloney Securities Asset Management LLC raised its position in shares of O’Reilly Automotive by 5.4% during the 1st quarter. Moloney Securities Asset Management LLC now owns 666 shares of the specialty retailer’s stock worth $259,000 after purchasing an additional 34 shares during the period. Peak Asset Management LLC raised its position in shares of O’Reilly Automotive by 3.6% during the 4th quarter. Peak Asset Management LLC now owns 1,080 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 38 shares during the period. Finally, NewSquare Capital LLC raised its position in shares of O’Reilly Automotive by 6.3% during the 1st quarter. NewSquare Capital LLC now owns 680 shares of the specialty retailer’s stock worth $264,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 85.61% of the company’s stock.

In other news, Chairman David E. Oreilly sold 34,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $375.48, for a total value of $12,766,320.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeff M. Shaw sold 2,758 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $395.00, for a total value of $1,089,410.00. Following the completion of the sale, the chief operating officer now directly owns 26,992 shares in the company, valued at $10,661,840. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,886 shares of company stock worth $16,149,052. 2.52% of the stock is currently owned by company insiders.

A number of equities analysts have issued reports on the company. Zacks Investment Research lowered O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Morgan Stanley increased their price objective on O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. BidaskClub lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Wells Fargo & Co increased their target price on O’Reilly Automotive from $415.00 to $445.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Finally, Citigroup increased their target price on O’Reilly Automotive from $422.00 to $454.00 and gave the company a “buy” rating in a report on Monday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $379.13.

Shares of NASDAQ:ORLY traded up $3.75 during midday trading on Wednesday, hitting $384.75. The company’s stock had a trading volume of 8,963 shares, compared to its average volume of 681,145. The company has a market cap of $29.95 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.40 and a beta of 0.79. O’Reilly Automotive Inc has a fifty-two week low of $270.97 and a fifty-two week high of $414.63. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.10 and a current ratio of 0.84.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $4.05. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.44 billion. O’Reilly Automotive had a return on equity of 333.23% and a net margin of 13.87%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $3.61 earnings per share. As a group, equities analysts predict that O’Reilly Automotive Inc will post 17.78 EPS for the current year.

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O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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