Smith Asset Management Group LP cut its position in shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 192,134 shares of the company’s stock after selling 600 shares during the period. O’Reilly Automotive accounts for 1.6% of Smith Asset Management Group LP’s holdings, making the stock its 17th largest position. Smith Asset Management Group LP’s holdings in O’Reilly Automotive were worth $52,088,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ORLY. Norges Bank purchased a new position in shares of O’Reilly Automotive during the fourth quarter worth $197,336,000. JPMorgan Chase & Co. increased its position in shares of O’Reilly Automotive by 91.4% in the first quarter. JPMorgan Chase & Co. now owns 1,195,354 shares of the company’s stock worth $327,121,000 after buying an additional 570,755 shares during the last quarter. Wellington Management Group LLP increased its position in shares of O’Reilly Automotive by 98.1% in the first quarter. Wellington Management Group LLP now owns 672,115 shares of the company’s stock worth $183,930,000 after buying an additional 332,895 shares during the last quarter. Simmons Bank purchased a new position in shares of O’Reilly Automotive during the first quarter worth $56,809,000. Finally, Old Mutual Global Investors UK Ltd. increased its position in shares of O’Reilly Automotive by 101.3% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 255,437 shares of the company’s stock worth $69,248,000 after buying an additional 128,542 shares during the last quarter. Institutional investors own 89.70% of the company’s stock.

Shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) traded down 0.11% during midday trading on Tuesday, hitting $275.15. 739,624 shares of the stock were exchanged. The firm has a market capitalization of $26.12 billion, a price-to-earnings ratio of 27.35 and a beta of 0.66. O’Reilly Automotive Inc. has a 1-year low of $225.12 and a 1-year high of $292.84. The stock’s 50-day moving average price is $282.91 and its 200-day moving average price is $272.37.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.68 by $0.03. O’Reilly Automotive had a net margin of 12.02% and a return on equity of 52.57%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the business posted $2.29 earnings per share. O’Reilly Automotive’s revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that O’Reilly Automotive Inc. will post $10.74 EPS for the current year.

A number of equities analysts recently weighed in on ORLY shares. Wedbush restated an “outperform” rating and set a $280.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 28th. Vetr downgraded shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating and set a $301.89 target price on the stock. in a report on Tuesday, June 28th. Jefferies Group boosted their target price on shares of O’Reilly Automotive from $325.00 to $336.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Deutsche Bank AG boosted their target price on shares of O’Reilly Automotive from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Susquehanna started coverage on shares of O’Reilly Automotive in a report on Thursday, August 25th. They set a “positive” rating and a $343.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $303.47.

In other O’Reilly Automotive news, CFO Thomas Mcfall sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $270.00, for a total transaction of $2,700,000.00. Following the transaction, the chief financial officer now directly owns 15,065 shares in the company, valued at approximately $4,067,550. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul R. Lederer sold 100 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $283.00, for a total value of $28,300.00. The disclosure for this sale can be found here. Company insiders own 3.37% of the company’s stock.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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