O’Reilly Automotive, Inc. (NASDAQ: ORLY) recorded a sharp decline in short-term interest in November. As of November 15, there was short interest totaling 630,300 shares, a decrease of 31.3% from the October 31 total of 916,900 shares. Based on an average trading volume of 409,400 shares, the day / coverage ratio is currently 1.5 days. About 1.0% of the company’s shares are sold short.
In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 5,000 O’Reilly Automotive shares in a transaction dated Wednesday, November 24. The stock was sold for an average price of $ 645.95, for a total trade of $ 3,229,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In addition, COO Jeff M. Shaw sold 9,024 shares of O’Reilly Automotive in a transaction dated Thursday, October 21. The shares were sold for an average price of $ 654.96, for a total value of $ 5,910,359.04. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 29,458 shares of the company valued at $ 19,105,646. 2.11% of the shares are currently owned by insiders.
A number of institutional investors and hedge funds have recently increased or reduced their holdings in ORLY. BlackRock Inc. increased its position in O’Reilly Automotive by 0.9% in the third quarter. BlackRock Inc. now owns 4,901,412 shares of the specialty retailer valued at $ 2,995,056,000 after purchasing an additional 45,413 shares during the period. JPMorgan Chase & Co. increased its position in O’Reilly Automotive by 13.9% in the second quarter. JPMorgan Chase & Co. now owns 2,809,244 shares of the specialty retailer valued at $ 1,590,622,000 after purchasing an additional 341,969 shares during the period. Geode Capital Management LLC strengthened its position in O’Reilly Automotive by 2.8% in the third quarter. Geode Capital Management LLC now owns 1,435,559 shares of the specialty retailer valued at $ 875,575,000 after purchasing an additional 39,440 shares during the period. Amundi took a new stake in O’Reilly Automotive during the second quarter for a value of approximately $ 557,951,000. Finally, Putnam Investments LLC strengthened its position in O’Reilly Automotive by 197.7% in the second quarter. Putnam Investments LLC now owns 932,089 shares of the specialty retailer valued at $ 527,758,000 after purchasing an additional 619,025 shares during the period. Hedge funds and other institutional investors hold 79.16% of the company’s shares.
ORLY traded up $ 23.42 during trading hours on Thursday, reaching $ 660.16. The company’s shares traded 30,705 shares, compared to its average volume of 487,300. O’Reilly Automotive has a fifty-two week low of $ 424.03 and a fifty-two high. two weeks at $ 669.09. The stock has a market cap of $ 44.48 billion, a PE ratio of 22.06, a P / E / G ratio of 1.53, and a beta of 1.00. The company’s 50-day moving average is $ 632.73 and its 200-day moving average is $ 596.73. The company has a debt to equity ratio of 17.57, a current ratio of 0.76, and a rapid ratio of 0.15.
O’Reilly Automotive (NASDAQ: ORLY) last released its quarterly earnings data on Tuesday, October 26. The specialty retailer reported EPS of $ 8.07 for the quarter, beating analyst consensus estimates of $ 6.99 by $ 1.08. O’Reilly Automotive reported a return on equity of 3,880.90% and a net margin of 15.85%. The company posted revenue of $ 3.48 billion for the quarter, compared to $ 3.30 billion expected by analysts. During the same period of the previous year, the company posted earnings of $ 7.07 per share. The company’s quarterly revenue increased 8.5% year-over-year. Analysts expect O’Reilly Automotive to post 29.34 EPS for the current year.
ORLY has been the subject of several recent analyst reports. Morgan Stanley raised its price target on O’Reilly Automotive from $ 630.00 to $ 675.00 and gave the company an “equal weight” rating in a Friday October 29 research note. Wells Fargo & Company raised its price target for O’Reilly Automotive from $ 700.00 to $ 715.00 and rated the stock “overweight” in a Thursday October 28th research note. DA Davidson raised its price target on O’Reilly Automotive from $ 585.00 to $ 640.00 and rated the stock “neutral” in a Friday October 29th research note. Citigroup raised its price target on O’Reilly Automotive from $ 650.00 to $ 675.00 and rated the stock “neutral” in a research note on Thursday, October 28. Finally, Wedbush raised its price target on O’Reilly Automotive from $ 590.00 to $ 650.00 and gave the stock a “neutral” rating in a research note on Thursday, October 28. Nine analysts rated the stock with a conservation rating and six issued a buy rating for the company. Based on data from MarketBeat.com, the company currently has an average “Hold” rating and a consensus target price of $ 645.27.
About O’Reilly Automotive
O’Reilly Automotive, Inc. owns and operates retail outlets in the United States. It is engaged in the distribution and retailing of auto parts, tools, supplies, equipment and accessories in the United States, serving both professional installers and DIY customers. The company supplies new and reconditioned auto parts including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature regulators, chassis parts and engine parts; maintenance items including oil, antifreeze, fluids, filters, lighting products, engine additives and appearance products; and accessories, such as floor mats, seat covers and truck accessories.
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