Jennison Associates LLC Sells 227,933 Shares of O’Reilly Automotive, Inc. $ORLY

Jennison Associates LLC cut its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,889,043 shares of the specialty retailer’s stock after selling 227,933 shares during the quarter. Jennison Associates LLC owned about 1.64% of O’Reilly Automotive worth $1,497,378,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ORLY. Hunter Associates Investment Management LLC purchased a new position in O’Reilly Automotive during the 3rd quarter valued at about $313,000. Westfuller Advisors LLC purchased a new position in shares of O’Reilly Automotive during the 3rd quarter valued at $32,000. Teacher Retirement System of Texas increased its holdings in shares of O’Reilly Automotive by 48.2% in the third quarter. Teacher Retirement System of Texas now owns 545,299 shares of the specialty retailer’s stock worth $58,789,000 after purchasing an additional 177,334 shares during the period. Parkside Financial Bank & Trust boosted its stake in O’Reilly Automotive by 46.5% during the third quarter. Parkside Financial Bank & Trust now owns 3,738 shares of the specialty retailer’s stock valued at $403,000 after buying an additional 1,187 shares during the period. Finally, iA Global Asset Management Inc. grew its position in O’Reilly Automotive by 3.2% during the third quarter. iA Global Asset Management Inc. now owns 101,448 shares of the specialty retailer’s stock worth $10,937,000 after buying an additional 3,186 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Friday, October 31st. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Wednesday, November 5th. Wells Fargo & Company set a $115.00 price objective on shares of O’Reilly Automotive and gave the company an “overweight” rating in a research report on Wednesday, October 15th. The Goldman Sachs Group set a $121.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, Mizuho set a $112.00 price target on O’Reilly Automotive in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Buy” and an average price target of $111.80.

O’Reilly Automotive Stock Up 0.4%

O’Reilly Automotive stock opened at $99.23 on Friday. The firm has a fifty day simple moving average of $95.42 and a two-hundred day simple moving average of $98.74. O’Reilly Automotive, Inc. has a twelve month low of $82.90 and a twelve month high of $108.71. The company has a market capitalization of $83.76 billion, a PE ratio of 34.38, a P/E/G ratio of 2.10 and a beta of 0.63.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.41 earnings per share. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 2,355 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the completion of the sale, the senior vice president owned 28 shares of the company’s stock, valued at $2,836.68. This represents a 98.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Raymond Murphy sold 3,125 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the sale, the director directly owned 8,125 shares in the company, valued at approximately $752,375. This trade represents a 27.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,980 shares of company stock valued at $882,335 in the last ninety days. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.