Eagle Ridge Investment Management Has $39.91 Million Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Eagle Ridge Investment Management lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,356 shares of the specialty retailer’s stock after selling 2,034 shares during the quarter. O’Reilly Automotive makes up approximately 3.7% of Eagle Ridge Investment Management’s portfolio, making the stock its 5th biggest holding. Eagle Ridge Investment Management owned 0.06% of O’Reilly Automotive worth $39,913,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ORLY. Groesbeck Investment Management Corp NJ raised its position in shares of O’Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after purchasing an additional 10 shares during the period. Lindbrook Capital LLC lifted its position in shares of O’Reilly Automotive by 3.9% during the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after acquiring an additional 10 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of O’Reilly Automotive by 2.4% in the third quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock worth $418,000 after acquiring an additional 11 shares during the period. Atlas Brown Inc. grew its position in shares of O’Reilly Automotive by 2.8% in the fourth quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer’s stock valued at $380,000 after purchasing an additional 11 shares in the last quarter. Finally, L.M. Kohn & Company raised its stake in shares of O’Reilly Automotive by 1.9% during the 4th quarter. L.M. Kohn & Company now owns 591 shares of the specialty retailer’s stock valued at $561,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ORLY shares. StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Mizuho assumed coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Wedbush restated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Finally, Evercore ISI lowered their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating on the stock in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average price target of $1,116.93.

O’Reilly Automotive Price Performance

ORLY stock traded up $20.74 during mid-day trading on Tuesday, hitting $1,037.06. 377,864 shares of the stock were exchanged, compared to its average volume of 400,246. The stock has a market capitalization of $61.07 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.94 and a beta of 0.92. The business has a fifty day moving average price of $1,015.51 and a 200 day moving average price of $1,034.72. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the previous year, the company posted $8.28 EPS. O’Reilly Automotive’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 41.93 EPS for the current fiscal year.

Insider Activity

In related news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares in the company, valued at $726,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate 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.