Resources Management Corp CT ADV Sells 40 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Resources Management Corp CT ADV trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.6% in the third quarter, HoldingsChannel.com reports. The fund owned 6,208 shares of the specialty retailer’s stock after selling 40 shares during the period. O’Reilly Automotive makes up 1.0% of Resources Management Corp CT ADV’s investment portfolio, making the stock its 26th largest position. Resources Management Corp CT ADV’s holdings in O’Reilly Automotive were worth $7,149,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ORLY. Marshfield Associates boosted its stake in O’Reilly Automotive by 0.4% in the third quarter. Marshfield Associates now owns 304,133 shares of the specialty retailer’s stock valued at $350,240,000 after acquiring an additional 1,247 shares during the last quarter. LRI Investments LLC lifted its stake in O’Reilly Automotive by 4.6% in the third quarter. LRI Investments LLC now owns 248 shares of the specialty retailer’s stock valued at $304,000 after purchasing an additional 11 shares during the last quarter. SGL Investment Advisors Inc. purchased a new position in O’Reilly Automotive in the third quarter valued at approximately $4,927,000. Groupama Asset Managment grew its holdings in O’Reilly Automotive by 8.7% during the third quarter. Groupama Asset Managment now owns 1,479 shares of the specialty retailer’s stock valued at $1,703,000 after purchasing an additional 118 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in O’Reilly Automotive by 6.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer’s stock worth $32,138,000 after buying an additional 1,811 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research reports. Wells Fargo & Company increased their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Royal Bank of Canada increased their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Bank of America boosted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wedbush restated a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,248.06.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,254.90 on Tuesday. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,265.52. The firm has a market capitalization of $72.45 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 2.55 and a beta of 0.93. The company’s fifty day moving average price is $1,204.04 and its 200-day moving average price is $1,120.87.

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

Insider Activity at O’Reilly Automotive

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

O’Reilly Automotive Company 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.