Ameritas Investment Partners Inc. Has $2.68 Million Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ameritas Investment Partners Inc. lessened its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,375 shares of the specialty retailer’s stock after selling 23 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in O’Reilly Automotive were worth $2,681,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of O’Reilly Automotive in the 1st quarter worth about $36,000. Newbridge Financial Services Group Inc. bought a new position in shares of O’Reilly Automotive during the 1st quarter worth approximately $37,000. Indiana Trust & Investment Management CO boosted its holdings in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of O’Reilly Automotive during the 1st quarter worth approximately $41,000. Finally, LifeSteps Financial Inc. bought a new stake in shares of O’Reilly Automotive in the 1st quarter valued at $45,000. Institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ORLY. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Wedbush reiterated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, April 25th. Evercore ISI dropped their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. 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 report on Thursday, April 25th. Finally, UBS Group cut their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus price target of $1,113.36.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock traded down $8.09 on Tuesday, reaching $1,049.01. 328,072 shares of the company traded hands, compared to its average volume of 393,011. The company has a 50 day moving average of $1,016.00 and a 200 day moving average of $1,043.62. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. The firm has a market capitalization of $61.78 billion, a PE ratio of 26.83, a PEG ratio of 1.92 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. O’Reilly Automotive’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $8.28 earnings per share. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 41.7 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated 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 completion of the transaction, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was 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 of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by company insiders.

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.