Dana Investment Advisors Inc. Trims Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Dana Investment Advisors Inc. reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,581 shares of the specialty retailer’s stock after selling 19 shares during the quarter. Dana Investment Advisors Inc.’s holdings in O’Reilly Automotive were worth $4,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB grew its position in shares of O’Reilly Automotive by 3.8% in the first quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after purchasing an additional 2,214 shares during the period. Bank Pictet & Cie Asia Ltd. purchased a new stake in O’Reilly Automotive in the 2nd quarter valued at about $800,000. O Shaughnessy Asset Management LLC grew its holdings in O’Reilly Automotive by 5.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock valued at $16,723,000 after buying an additional 701 shares during the period. Perpetual Ltd increased its stake in shares of O’Reilly Automotive by 322.6% during the 1st quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock valued at $1,289,000 after acquiring an additional 871 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of O’Reilly Automotive by 656.2% during the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after acquiring an additional 397,108 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Evercore ISI increased their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Bank of America increased their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. DA Davidson boosted their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company upped their price target on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada reduced their price objective on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Four equities 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, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,144.06.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,161.99 on Wednesday. The firm has a 50-day moving average of $1,125.35 and a two-hundred day moving average of $1,074.63. The stock has a market cap of $68.43 billion, a P/E ratio of 29.49, a PEG ratio of 2.14 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11.

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

Insider Transactions at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction on 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 sale, the senior vice president now directly owns 265 shares of the company’s stock, valued at $296,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the firm’s 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 approximately $296,800. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were 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 in the company, valued at approximately $15,049,409.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by corporate insiders.

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.