Geneva Capital Management LLC Sells 1,726 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Geneva Capital Management LLC decreased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.5% during the fourth quarter, according to the company in its most recent Form 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 owned about 0.08% of O’Reilly Automotive worth $45,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. Groesbeck Investment Management Corp NJ grew its holdings in shares of O’Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after acquiring an additional 10 shares during the period. Lindbrook Capital LLC lifted its stake in shares of O’Reilly Automotive by 3.9% in the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after purchasing an additional 10 shares during the period. Western Pacific Wealth Management LP boosted its stake in shares of O’Reilly Automotive by 11.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock worth $96,000 after acquiring an additional 11 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of O’Reilly Automotive by 2.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock valued at $418,000 after acquiring an additional 11 shares during the period. Finally, Atlas Brown Inc. increased its stake in shares of O’Reilly Automotive by 2.8% in the 4th quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer’s stock worth $380,000 after purchasing an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ORLY. Mizuho started coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective for the company. Wells Fargo & Company dropped 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 report on Thursday, April 25th. The Goldman Sachs Group increased their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Evercore ISI cut their target price on shares of O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,110.07.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock traded up $10.38 during trading on Thursday, hitting $1,030.72. The stock had a trading volume of 245,326 shares, compared to its average volume of 374,814. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The stock has a market cap of $60.84 billion, a PE ratio of 26.16, a PEG ratio of 1.91 and a beta of 0.90. The firm’s fifty day simple moving average is $1,090.31 and its 200-day simple moving average is $1,021.38.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate of $9.18 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $8.28 earnings per share. Analysts expect that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was 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 $726,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the transaction, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The disclosure for this sale can be found here. Insiders have sold 32,000 shares of company stock worth $33,391,813 in the last three months. Corporate insiders own 1.55% of the company’s stock.

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.