Chevy Chase Trust Holdings LLC Has $36.39 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Chevy Chase Trust Holdings LLC reduced its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,596 shares of the specialty retailer’s stock after selling 1,067 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of O’Reilly Automotive worth $36,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Advisors LLC increased its stake in O’Reilly Automotive by 10.7% in the 1st quarter. Cetera Advisors LLC now owns 1,953 shares of the specialty retailer’s stock valued at $2,205,000 after buying an additional 189 shares during the last quarter. Mather Group LLC. grew its holdings in shares of O’Reilly Automotive by 9.8% in the 2nd quarter. Mather Group LLC. now owns 729 shares of the specialty retailer’s stock valued at $823,000 after acquiring an additional 65 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of O’Reilly Automotive by 18.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 2,440 shares of the specialty retailer’s stock valued at $2,577,000 after acquiring an additional 383 shares during the last quarter. NBC Securities Inc. raised its holdings in O’Reilly Automotive by 23.3% during the second quarter. NBC Securities Inc. now owns 1,486 shares of the specialty retailer’s stock worth $1,569,000 after acquiring an additional 281 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in O’Reilly Automotive by 19.8% during the second quarter. Valeo Financial Advisors LLC now owns 1,224 shares of the specialty retailer’s stock worth $1,293,000 after acquiring an additional 202 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. TD Cowen boosted their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley boosted their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Wells Fargo & Company increased their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Evercore ISI upped their target price on shares of 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. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Trading Up 0.3 %

NASDAQ:ORLY opened at $1,246.82 on Tuesday. The stock has a 50 day simple moving average of $1,191.32 and a 200 day simple moving average of $1,110.24. The stock has a market cap of $71.98 billion, a P/E ratio of 30.85, a PEG ratio of 2.52 and a beta of 0.93. O’Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,255.40.

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

Insiders Place Their Bets

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now directly owns 700 shares of the company’s stock, valued at $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

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.