Short Interest in O’Reilly Automotive Inc (NASDAQ:ORLY) Decreases By 9.5%

O’Reilly Automotive Inc (NASDAQ:ORLY) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 959,100 shares, a decrease of 9.5% from the September 30th total of 1,060,000 shares. Based on an average daily trading volume, of 506,900 shares, the short-interest ratio is presently 1.9 days. Currently, 1.3% of the shares of the company are short sold.

In other news, Chairman David E. Oreilly sold 19,985 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $440.03, for a total transaction of $8,793,999.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Scott E. Kraus sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $435.00, for a total value of $2,175,000.00. Following the transaction, the senior vice president now owns 6,502 shares in the company, valued at approximately $2,828,370. The disclosure for this sale can be found here. Insiders sold 77,652 shares of company stock worth $34,085,063 in the last 90 days. Corporate insiders own 2.52% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Squar Milner Financial Services LLC boosted its position in shares of O’Reilly Automotive by 80.5% in the 2nd quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 33 shares during the period. Shine Investment Advisory Services Inc. lifted its holdings in shares of O’Reilly Automotive by 65.4% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 86 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 34 shares during the last quarter. TRUE Private Wealth Advisors acquired a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at about $46,000. Ashburton Jersey Ltd acquired a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at about $57,000. Finally, Hall Laurie J Trustee lifted its holdings in shares of O’Reilly Automotive by 20.8% during the 3rd quarter. Hall Laurie J Trustee now owns 145 shares of the specialty retailer’s stock valued at $58,000 after buying an additional 25 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive stock traded up $2.04 during mid-day trading on Friday, reaching $445.23. 414,300 shares of the company were exchanged, compared to its average volume of 509,585. The company has a debt-to-equity ratio of 32.16, a current ratio of 0.81 and a quick ratio of 0.08. The company has a fifty day simple moving average of $415.81 and a 200-day simple moving average of $389.53. The firm has a market cap of $33.53 billion, a PE ratio of 27.65, a PEG ratio of 1.75 and a beta of 0.70. O’Reilly Automotive has a 12 month low of $326.71 and a 12 month high of $446.78.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $5.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.79 by $0.29. O’Reilly Automotive had a net margin of 13.69% and a return on equity of 527.13%. The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the business posted $4.50 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts anticipate that O’Reilly Automotive will post 17.9 earnings per share for the current year.

A number of equities analysts have recently weighed in on ORLY shares. UBS Group set a $495.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a research note on Friday, October 25th. Wedbush increased their target price on O’Reilly Automotive from $380.00 to $425.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. They noted that the move was a valuation call. Nomura started coverage on O’Reilly Automotive in a research note on Thursday, November 7th. They set a “neutral” rating and a $1,250.00 target price on the stock. Morgan Stanley increased their target price on O’Reilly Automotive from $400.00 to $430.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $455.00 target price (up previously from $450.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 23rd. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $489.53.

About O’Reilly Automotive

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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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