O’Reilly Automotive Inc (NASDAQ:ORLY) is Eagle Ridge Investment Management’s 3rd Largest Position

Eagle Ridge Investment Management decreased its holdings in O’Reilly Automotive Inc (NASDAQ:ORLY) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,772 shares of the specialty retailer’s stock after selling 457 shares during the quarter. O’Reilly Automotive comprises approximately 3.8% of Eagle Ridge Investment Management’s portfolio, making the stock its 3rd biggest holding. Eagle Ridge Investment Management owned about 0.09% of O’Reilly Automotive worth $26,138,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cobiz Wealth LLC increased its position in shares of O’Reilly Automotive by 2.8% in the first quarter. Cobiz Wealth LLC now owns 22,395 shares of the specialty retailer’s stock valued at $8,696,000 after buying an additional 606 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of O’Reilly Automotive by 43.3% during the first quarter. Sigma Planning Corp now owns 874 shares of the specialty retailer’s stock valued at $339,000 after acquiring an additional 264 shares during the last quarter. McKinley Carter Wealth Services Inc. boosted its stake in shares of O’Reilly Automotive by 6.4% during the first quarter. McKinley Carter Wealth Services Inc. now owns 10,250 shares of the specialty retailer’s stock valued at $3,980,000 after acquiring an additional 614 shares during the last quarter. Deane Retirement Strategies Inc. boosted its stake in shares of O’Reilly Automotive by 1.3% during the second quarter. Deane Retirement Strategies Inc. now owns 5,524 shares of the specialty retailer’s stock valued at $2,040,000 after acquiring an additional 73 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of O’Reilly Automotive by 4.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,582 shares of the specialty retailer’s stock valued at $1,779,000 after acquiring an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.

A number of analysts recently commented on ORLY shares. Northcoast Research lowered O’Reilly Automotive from a “buy” rating to a “neutral” rating in a research note on Thursday, June 27th. Raymond James increased their price objective on O’Reilly Automotive from $435.00 to $460.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Zacks Investment Research lowered O’Reilly Automotive from a “hold” rating to a “sell” rating and set a $427.00 price objective on the stock. in a research note on Friday, July 19th. Goldman Sachs Group started coverage on O’Reilly Automotive in a research note on Thursday, July 11th. They set a “buy” rating and a $440.00 price objective on the stock. Finally, Wells Fargo & Co increased their price objective on O’Reilly Automotive from $415.00 to $445.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $410.00.

NASDAQ:ORLY traded up $4.03 during mid-day trading on Thursday, reaching $373.46. The company’s stock had a trading volume of 17,442 shares, compared to its average volume of 696,300. The stock’s fifty day moving average price is $383.90. The company has a debt-to-equity ratio of 37.43, a quick ratio of 0.10 and a current ratio of 0.85. O’Reilly Automotive Inc has a twelve month low of $314.14 and a twelve month high of $414.63. The company has a market cap of $28.37 billion, a PE ratio of 23.15, a P/E/G ratio of 1.50 and a beta of 0.73.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.16). The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.61 billion. O’Reilly Automotive had a return on equity of 391.89% and a net margin of 13.69%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $4.28 earnings per share. On average, equities analysts predict that O’Reilly Automotive Inc will post 17.54 earnings per share for the current fiscal year.

In related news, Director John Raymond Murphy sold 528 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $361.05, for a total transaction of $190,634.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffrey Alan Lauro bought 150 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $368.33 per share, for a total transaction of $55,249.50. Following the completion of the acquisition, the senior vice president now owns 422 shares in the company, valued at approximately $155,435.26. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 1,301 shares of company stock worth $479,036. Company insiders own 2.52% of the company’s stock.

O’Reilly Automotive 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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