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

Canal Capital Management LLC lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,437 shares of the specialty retailer’s stock after buying an additional 101 shares during the quarter. Canal Capital Management LLC’s holdings in O’Reilly Automotive were worth $3,630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Rise Advisors LLC bought a new stake in O’Reilly Automotive during the 1st quarter worth approximately $36,000. Newbridge Financial Services Group Inc. bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at $37,000. Indiana Trust & Investment Management CO raised its position in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Riverview Trust Co purchased a new position in shares of O’Reilly Automotive during the 1st quarter valued at $41,000. Finally, Crewe Advisors LLC bought a new position in O’Reilly Automotive in the 1st quarter worth $43,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Down 0.7 %

O’Reilly Automotive stock opened at $1,129.97 on Friday. The company’s 50-day moving average price is $1,084.80 and its 200-day moving average price is $1,065.68. The company has a market cap of $65.55 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same period in the previous year, the firm earned $10.22 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at $296,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the sale, the chairman now owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,411 shares of company stock worth $56,846,062. Company insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ORLY shares. Evercore ISI raised their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Wedbush reissued a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, July 25th. UBS Group lowered their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Royal Bank of Canada cut their price objective on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Finally, DA Davidson boosted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $1,144.06.

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.