Trade Report: Today, TD Asset Management Inc. Reduces Stake in O’Reilly Automotive Inc. (ORLY)

Today, TD Asset Management Inc. Reduces Stake in O’Reilly Automotive Inc. (ORLY)

TD Asset Management Inc. cut its position in O’Reilly Automotive Inc. (NASDAQ:ORLY) by 6.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 145,514 shares of the company’s stock after selling 10,558 shares during the period. TD Asset Management Inc. owned about 0.15% of O’Reilly Automotive worth $40,760,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ORLY. Strs Ohio boosted its stake in shares of O’Reilly Automotive by 5.5% in the second quarter. Strs Ohio now owns 301,647 shares of the company’s stock worth $81,776,000 after buying an additional 15,806 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of O’Reilly Automotive during the second quarter worth about $33,666,000. Mar Vista Investment Partners LLC boosted its stake in shares of O’Reilly Automotive by 0.5% in the second quarter. Mar Vista Investment Partners LLC now owns 42,051 shares of the company’s stock worth $11,400,000 after buying an additional 218 shares during the last quarter. Woodstock Corp boosted its stake in shares of O’Reilly Automotive by 0.3% in the third quarter. Woodstock Corp now owns 59,467 shares of the company’s stock worth $16,657,000 after buying an additional 170 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of O’Reilly Automotive by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 82,839 shares of the company’s stock worth $22,458,000 after buying an additional 348 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

Shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) traded down 0.46% during trading on Monday, hitting $275.34. 252,653 shares of the stock traded hands. The stock has a market cap of $26.01 billion, a PE ratio of 26.69 and a beta of 0.69. The firm’s 50-day moving average price is $270.17 and its 200-day moving average price is $273.21. O’Reilly Automotive Inc. has a 12 month low of $225.12 and a 12 month high of $292.84.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 26th. The company reported $2.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.92 by $0.02. O’Reilly Automotive had a return on equity of 53.94% and a net margin of 11.97%. The company earned $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the business earned $2.64 earnings per share. O’Reilly Automotive’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts anticipate that O’Reilly Automotive Inc. will post $10.69 EPS for the current year.

Several research analysts have recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $310.00 price target on shares of O’Reilly Automotive in a report on Wednesday, November 23rd. Deutsche Bank AG decreased their price target on shares of O’Reilly Automotive from $315.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $290.00 price target on shares of O’Reilly Automotive in a report on Sunday, October 23rd. Zacks Investment Research cut shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a report on Friday, October 21st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $336.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $304.65.

In other O’Reilly Automotive news, Director John Raymond Murphy purchased 500 shares of the stock in a transaction dated Tuesday, November 1st. The shares were bought at an average cost of $263.96 per share, with a total value of $131,980.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles H. Oreilly, Jr. sold 10,000 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $268.42, for a total value of $2,684,200.00. Following the transaction, the director now directly owns 137,278 shares in the company, valued at $36,848,160.76. The disclosure for this sale can be found here. 3.37% of the stock is owned by company insiders.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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