LGT Fund Management Co Ltd. Cuts Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

LGT Fund Management Co Ltd. decreased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 16.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,949 shares of the specialty retailer’s stock after selling 374 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in O’Reilly Automotive were worth $2,311,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Princeton Global Asset Management LLC purchased a new position in shares of O’Reilly Automotive during the 3rd quarter valued at approximately $41,000. Optas LLC acquired a new position in O’Reilly Automotive during the third quarter worth $261,000. KG&L Capital Management LLC lifted its holdings in O’Reilly Automotive by 6.9% during the third quarter. KG&L Capital Management LLC now owns 758 shares of the specialty retailer’s stock valued at $873,000 after purchasing an additional 49 shares in the last quarter. Donaldson Capital Management LLC grew its position in shares of O’Reilly Automotive by 0.4% in the third quarter. Donaldson Capital Management LLC now owns 6,548 shares of the specialty retailer’s stock valued at $7,541,000 after purchasing an additional 29 shares during the period. Finally, National Pension Service increased its stake in shares of O’Reilly Automotive by 9.3% during the third quarter. National Pension Service now owns 125,900 shares of the specialty retailer’s stock worth $144,986,000 after purchasing an additional 10,698 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other news, EVP Jason Lee Tarrant sold 1,992 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the completion of the transaction, the executive vice president now directly owns 1,398 shares in the company, valued at approximately $1,872,061.80. This represents a 58.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Gregory L. Henslee sold 3,073 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the transaction, the chairman now owns 11,397 shares of the company’s stock, valued at approximately $14,988,764.55. This represents a 21.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,894 shares of company stock worth $10,409,618. 1.55% of the stock is currently owned by company insiders.

O’Reilly Automotive Stock Up 0.2 %

Shares of NASDAQ:ORLY opened at $1,375.99 on Tuesday. The business has a fifty day moving average of $1,267.97 and a two-hundred day moving average of $1,212.68. The stock has a market cap of $79.44 billion, a P/E ratio of 33.84, a PEG ratio of 2.34 and a beta of 0.94. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,386.36.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ORLY shares. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Barclays raised their target price on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. BMO Capital Markets boosted their price target on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Mizuho boosted their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Wedbush boosted their price target on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,390.81.

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.