Parnassus Investments LLC Has $97.41 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Parnassus Investments LLC reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 84,584 shares of the specialty retailer’s stock after selling 3,637 shares during the quarter. Parnassus Investments LLC owned approximately 0.15% of O’Reilly Automotive worth $97,407,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Asset Dedication LLC raised its holdings in shares of O’Reilly Automotive by 6.2% in the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after buying an additional 9 shares during the last quarter. Marks Group Wealth Management Inc raised its stake in shares of O’Reilly Automotive by 1.5% in the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock worth $697,000 after acquiring an additional 9 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of O’Reilly Automotive by 8.5% during the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock worth $132,000 after purchasing an additional 9 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of O’Reilly Automotive by 0.5% during the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock valued at $2,145,000 after purchasing an additional 9 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. increased its holdings in shares of O’Reilly Automotive by 2.6% in the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $1,216.67 on Tuesday. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,255.30. The company has a market capitalization of $70.24 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 2.46 and a beta of 0.92. The company has a 50-day simple moving average of $1,172.69 and a 200 day simple moving average of $1,096.96.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the business earned $10.72 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Bank of America lifted their price objective 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. TD Cowen upped their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

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.