Illinois Municipal Retirement Fund Sells 20,821 Shares of O’Reilly Automotive, Inc. $ORLY

Illinois Municipal Retirement Fund trimmed its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 9.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 203,971 shares of the specialty retailer’s stock after selling 20,821 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in O’Reilly Automotive were worth $17,421,000 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 stock. Kelleher Financial Advisors bought a new position in O’Reilly Automotive during the second quarter worth $28,000. Fiduciary Financial Advisors acquired a new position in O’Reilly Automotive during the 2nd quarter valued at $28,000. Bell Investment Advisors Inc acquired a new position in O’Reilly Automotive during the 2nd quarter valued at $29,000. MidFirst Bank bought a new stake in O’Reilly Automotive in the 2nd quarter valued at $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in O’Reilly Automotive in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Maria Sastre sold 1,200 shares of O’Reilly Automotive stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $91.72, for a total transaction of $110,064.00. Following the sale, the director directly owned 13,770 shares in the company, valued at approximately $1,262,984.40. The trade was a 8.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Gregory Henslee sold 138,705 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $91.75, for a total transaction of $12,726,183.75. Following the completion of the sale, the chairman directly owned 241,950 shares in the company, valued at approximately $22,198,912.50. The trade was a 36.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 148,655 shares of company stock valued at $13,623,283 over the last quarter. 0.77% of the stock is currently owned by insiders.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $90.54 on Thursday. O’Reilly Automotive, Inc. has a one year low of $82.59 and a one year high of $102.46. The stock has a fifty day moving average price of $87.42 and a 200 day moving average price of $90.30. The stock has a market cap of $72.62 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.55.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.02 billion. O’Reilly Automotive had a net margin of 14.27% and a negative return on equity of 188.24%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 3.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ORLY. Morgan Stanley decreased their price target on shares of O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Bank of America assumed coverage on shares of O’Reilly Automotive in a research report on Monday, October 26th. They set a “buy” rating and a $106.00 price objective for the company. Roth Capital reiterated a “buy” rating and issued a $111.00 target price (up from $109.00) on shares of O’Reilly Automotive in a research note on Friday, July 31st. Weiss Ratings cut shares of O’Reilly Automotive from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group reissued a “conviction-buy” rating and set a $104.00 target price on shares of O’Reilly Automotive in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.00.

About O’Reilly Automotive

O’Reilly Automotive, Inc. is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops. The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers. Founded in 1957 by Charles F. O’Reilly and his son Charles H. O’Reilly, the company opened its first store in Springfield, Missouri.