Mid Atlantic Financial Management Inc. ADV lowered its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 9.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 797 shares of the specialty retailer’s stock after selling 87 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in O’Reilly Automotive were worth $309,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Virtus ETF Advisers LLC purchased a new stake in O’Reilly Automotive in the 4th quarter valued at approximately $25,000. Advisors Preferred LLC purchased a new position in shares of O’Reilly Automotive during the 1st quarter worth $26,000. Berman Capital Advisors LLC purchased a new position in shares of O’Reilly Automotive during the 4th quarter worth $31,000. CNB Bank purchased a new position in shares of O’Reilly Automotive during the 4th quarter worth $35,000. Finally, CX Institutional purchased a new position in shares of O’Reilly Automotive during the 1st quarter worth $35,000. 85.38% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Lawrence P. Oreilly sold 4,500 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $378.60, for a total value of $1,703,700.00. Following the completion of the sale, the director now directly owns 131,214 shares in the company, valued at approximately $49,677,620.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Brad W. Beckham sold 5,000 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $370.71, for a total value of $1,853,550.00. Following the completion of the sale, the executive vice president now owns 5,454 shares of the company’s stock, valued at $2,021,852.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,858 shares of company stock valued at $19,515,668. 2.52% of the stock is owned by insiders.

A number of research analysts have weighed in on ORLY shares. Citigroup increased their price target on O’Reilly Automotive from $422.00 to $454.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Morgan Stanley increased their price target on O’Reilly Automotive from $385.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Credit Suisse Group reissued a “hold” rating and set a $318.00 price target on shares of O’Reilly Automotive in a research note on Tuesday, February 5th. Oppenheimer lowered O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research lowered O’Reilly Automotive from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $379.13.

Shares of ORLY opened at $368.62 on Thursday. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.10 and a current ratio of 0.84. The firm has a market capitalization of $28.43 billion, a P/E ratio of 22.90, a PEG ratio of 1.33 and a beta of 0.81. O’Reilly Automotive Inc has a twelve month low of $265.11 and a twelve month high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share for the quarter, hitting the consensus estimate of $4.05. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.44 billion. O’Reilly Automotive had a return on equity of 333.23% and a net margin of 13.87%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $3.61 EPS. Equities research analysts expect that O’Reilly Automotive Inc will post 17.77 EPS for the current year.

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O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive Inc (NASDAQ:ORLY).

Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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