Cypress Capital Group Reduces Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Cypress Capital Group lowered its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 989 shares of the specialty retailer’s stock after selling 83 shares during the quarter. Cypress Capital Group’s holdings in O’Reilly Automotive were worth $1,044,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Rise Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the first quarter worth $36,000. Newbridge Financial Services Group Inc. bought a new position in O’Reilly Automotive in the 1st quarter worth about $37,000. Indiana Trust & Investment Management CO grew its position in 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 valued at $38,000 after purchasing an additional 26 shares during the last quarter. Riverview Trust Co bought a new stake in O’Reilly Automotive during the 1st quarter valued at about $41,000. Finally, Crewe Advisors LLC purchased a new position in O’Reilly Automotive in the first quarter worth about $43,000. 85.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ORLY shares. DA Davidson increased their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, July 25th. Wells Fargo & Company upped their price objective on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday. StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Royal Bank of Canada dropped their price objective on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,144.06.

O’Reilly Automotive Stock Down 1.0 %

Shares of NASDAQ ORLY traded down $11.10 during midday trading on Friday, reaching $1,116.57. 256,526 shares of the company’s stock traded hands, compared to its average volume of 391,621. The company has a market cap of $65.76 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 2.13 and a beta of 0.92. The stock’s 50 day simple moving average is $1,078.08 and its 200-day simple moving average is $1,062.51. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $10.22 EPS. Equities analysts predict that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Insiders have sold 50,354 shares of company stock worth $56,518,687 over the last quarter. Insiders own 1.55% of the company’s stock.

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.