Los Angeles Capital Management & Equity Research Inc. Has $42.94 Million Stake in O’Reilly Automotive Inc (ORLY)

Los Angeles Capital Management & Equity Research Inc. reduced its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,624 shares of the specialty retailer’s stock after selling 894 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.15% of O’Reilly Automotive worth $42,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORLY. Centaurus Financial Inc. acquired a new stake in O’Reilly Automotive in the second quarter valued at $112,000. HighPoint Advisor Group LLC acquired a new stake in O’Reilly Automotive in the third quarter valued at $182,000. North American Management Corp acquired a new stake in O’Reilly Automotive in the third quarter valued at $204,000. Campbell Newman Asset Management Inc. acquired a new stake in O’Reilly Automotive in the third quarter valued at $208,000. Finally, Gradient Investments LLC raised its stake in O’Reilly Automotive by 15,000.0% in the third quarter. Gradient Investments LLC now owns 604 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 85.98% of the company’s stock.

NASDAQ ORLY opened at $333.54 on Wednesday. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.11 and a current ratio of 0.91. O’Reilly Automotive Inc has a 52-week low of $206.54 and a 52-week high of $351.65. The stock has a market cap of $26.20 billion, a P/E ratio of 28.17, a P/E/G ratio of 1.29 and a beta of 1.07.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.31 by $0.19. O’Reilly Automotive had a return on equity of 259.86% and a net margin of 14.09%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.49 billion. Analysts predict that O’Reilly Automotive Inc will post 16.1 earnings per share for the current fiscal year.

In related news, SVP Jeremy Adam Fletcher sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $335.00, for a total transaction of $837,500.00. Following the transaction, the senior vice president now owns 3,428 shares of the company’s stock, valued at $1,148,380. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Scott E. Kraus sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $325.00, for a total value of $1,625,000.00. Following the transaction, the senior vice president now directly owns 6,479 shares in the company, valued at approximately $2,105,675. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,061 shares of company stock worth $22,510,178. Corporate insiders own 3.07% of the company’s stock.

ORLY has been the topic of a number of analyst reports. Stephens restated a “buy” rating and issued a $350.00 price target on shares of O’Reilly Automotive in a research note on Friday, July 27th. Jefferies Financial Group restated a “buy” rating and issued a $350.00 price target on shares of O’Reilly Automotive in a research note on Friday, July 27th. Wells Fargo & Co reiterated a “buy” rating and set a $320.00 target price on shares of O’Reilly Automotive in a research report on Thursday, July 19th. UBS Group lifted their target price on O’Reilly Automotive from $310.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Finally, ValuEngine upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $340.63.

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O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

Further Reading: Understanding Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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