Kentucky Retirement Systems Insurance Trust Fund Reduces Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Kentucky Retirement Systems Insurance Trust Fund lowered its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.5% during the first quarter, Holdings Channel reports. The fund owned 1,949 shares of the specialty retailer’s stock after selling 159 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in O’Reilly Automotive were worth $2,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ORLY. Rise Advisors LLC acquired a new stake in O’Reilly Automotive during the 1st quarter worth about $36,000. Newbridge Financial Services Group Inc. acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at about $37,000. Indiana Trust & Investment Management CO boosted its stake in shares of O’Reilly Automotive by 325.0% in the first 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 during the last quarter. Riverview Trust Co acquired a new stake in O’Reilly Automotive during the first quarter worth about $41,000. Finally, Crewe Advisors LLC acquired a new stake in O’Reilly Automotive during the first quarter worth about $43,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of analyst reports. UBS Group decreased 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 report on Thursday, July 18th. Evercore ISI decreased their target price on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a research note on Tuesday, July 16th. Wells Fargo & Company dropped their price target 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 report on Thursday, April 25th. StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Wedbush reissued a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,130.67.

Insider Activity

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY stock traded up $17.40 on Friday, hitting $1,110.31. 549,923 shares of the stock traded hands, compared to its average volume of 376,880. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The firm’s 50-day moving average price is $1,021.36 and its two-hundred day moving average price is $1,046.96. The stock has a market capitalization of $65.39 billion, a PE ratio of 28.18, a PEG ratio of 2.08 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period last year, the firm earned $10.22 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 41.07 EPS for the current fiscal year.

O’Reilly Automotive 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.