Achmea Investment Management B.V. Trims Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Achmea Investment Management B.V. trimmed its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.5% in the second quarter, Holdings Channel reports. The fund owned 14,958 shares of the specialty retailer’s stock after selling 1,044 shares during the period. Achmea Investment Management B.V.’s holdings in O’Reilly Automotive were worth $15,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ORLY. Rise Advisors LLC purchased a new position in O’Reilly Automotive during the first quarter worth about $36,000. Newbridge Financial Services Group Inc. purchased a new position in shares of O’Reilly Automotive during the 1st quarter worth approximately $37,000. Indiana Trust & Investment Management CO lifted its holdings in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 26 shares during the period. Riverview Trust Co acquired a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $41,000. Finally, Crewe Advisors LLC acquired a new position in O’Reilly Automotive during the first quarter worth $43,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on ORLY. Evercore ISI raised their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Royal Bank of Canada decreased their price objective on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Bank of America increased their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. UBS Group decreased their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Finally, DA Davidson lifted their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus target price of $1,144.06.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,112.63 on Thursday. The stock has a market capitalization of $65.53 billion, a P/E ratio of 28.24, a P/E/G ratio of 2.13 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The firm’s 50-day moving average is $1,097.76 and its two-hundred day moving average is $1,070.34.

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

Insider Buying and Selling

In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the completion of the sale, the director now owns 5,016 shares in the company, valued at approximately $5,698,978.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the completion of the sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares in the company, valued at approximately $15,049,409.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is 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.