Geneva Capital Management LLC Decreases Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Geneva Capital Management LLC lowered its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,994 shares of the specialty retailer’s stock after selling 1,726 shares during the period. Geneva Capital Management LLC’s holdings in O’Reilly Automotive were worth $45,598,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake in shares of O’Reilly Automotive by 7.6% in the 4th quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after purchasing an additional 66,629 shares during the period. Invesco Ltd. increased its holdings in shares of O’Reilly Automotive by 3.7% in the 3rd quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock worth $807,168,000 after purchasing an additional 31,487 shares in the last quarter. Northern Trust Corp raised its stake in shares of O’Reilly Automotive by 3.5% in the third quarter. Northern Trust Corp now owns 683,547 shares of the specialty retailer’s stock worth $621,249,000 after purchasing an additional 23,016 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of O’Reilly Automotive by 89,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after buying an additional 652,924 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in O’Reilly Automotive by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 345,028 shares of the specialty retailer’s stock worth $327,804,000 after buying an additional 3,136 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, 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 completion of the sale, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the transaction, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owns 716 shares in the company, valued at approximately $726,740. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,000 shares of company stock worth $33,391,813. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock traded up $10.38 during trading on Thursday, reaching $1,030.72. 245,326 shares of the stock traded hands, compared to its average volume of 374,814. The company has a market capitalization of $60.84 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 1.91 and a beta of 0.90. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The business has a fifty day simple moving average of $1,090.31 and a two-hundred day simple moving average of $1,021.38.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the company earned $8.28 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts predict that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ORLY has been the topic of several research analyst reports. The Goldman Sachs Group upped their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Wedbush restated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, April 25th. Wells Fargo & Company decreased their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Mizuho assumed coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price target on the stock. Finally, Royal Bank of Canada increased their price target on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,110.07.

About O’Reilly Automotive

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.