O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 12.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 734,902 shares of the specialty retailer’s stock after selling 106,935 shares during the quarter. O’Reilly Automotive comprises approximately 0.7% of Jennison Associates LLC’s investment portfolio, making the stock its 29th largest holding. Jennison Associates LLC owned about 1.28% of O’Reilly Automotive worth $1,052,807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORLY. Carolinas Wealth Consulting LLC boosted its position in O’Reilly Automotive by 14.3% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer’s stock worth $76,000 after purchasing an additional 8 shares in the last quarter. Marcum Wealth LLC boosted its position in O’Reilly Automotive by 4.0% in the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer’s stock worth $301,000 after purchasing an additional 8 shares in the last quarter. Adero Partners LLC boosted its position in O’Reilly Automotive by 1.9% in the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer’s stock worth $609,000 after purchasing an additional 8 shares in the last quarter. Avior Wealth Management LLC boosted its position in O’Reilly Automotive by 3.5% in the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer’s stock worth $342,000 after purchasing an additional 8 shares in the last quarter. Finally, Alcosta Capital Management Inc. lifted its holdings in O’Reilly Automotive by 0.3% in the 4th quarter. Alcosta Capital Management Inc. now owns 3,156 shares of the specialty retailer’s stock valued at $3,742,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $92.63 on Friday. The firm has a market capitalization of $79.18 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 2.49 and a beta of 0.58. O’Reilly Automotive, Inc. has a fifty-two week low of $68.44 and a fifty-two week high of $97.22. The stock’s fifty day moving average is $90.64 and its two-hundred day moving average is $89.10.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.18 billion. O’Reilly Automotive had a net margin of 14.10% and a negative return on equity of 167.25%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. As a group, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Activity

In other news, SVP Najera Jose A. Montellano sold 285 shares of the company’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the transaction, the senior vice president owned 240 shares in the company, valued at $21,767.20. This trade represents a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,285 shares of company stock worth $3,022,386 over the last three months. 1.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORLY. Morgan Stanley reaffirmed an “overweight” rating on shares of O’Reilly Automotive in a research note on Thursday, April 24th. BMO Capital Markets lifted their target price on O’Reilly Automotive from $96.67 to $100.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. Barclays lifted their target price on O’Reilly Automotive from $83.33 to $86.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Mizuho lifted their target price on O’Reilly Automotive from $93.33 to $96.33 and gave the company an “outperform” rating in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $94.38.

About O’Reilly Automotive

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.