Nicholas Company Inc. Sells 5,505 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Nicholas Company Inc. trimmed its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,651 shares of the specialty retailer's stock after selling 5,505 shares during the period. O'Reilly Automotive comprises about 2.0% of Nicholas Company Inc.'s investment portfolio, making the stock its 4th largest position. Nicholas Company Inc. owned about 0.19% of O'Reilly Automotive worth $98,185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. Envestnet Asset Management Inc. raised its holdings in O'Reilly Automotive by 694.5% in the first quarter. Envestnet Asset Management Inc. now owns 983,983 shares of the specialty retailer's stock valued at $111,012,000 after buying an additional 860,137 shares during the period. Norges Bank acquired a new stake in O'Reilly Automotive in the fourth quarter valued at approximately $568,266,000. Morgan Stanley grew its position in O'Reilly Automotive by 113.8% in the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer's stock valued at $1,007,597,000 after acquiring an additional 635,416 shares in the last quarter. Bank of New York Mellon Corp grew its position in O'Reilly Automotive by 99.0% in the first quarter. Bank of New York Mellon Corp now owns 1,101,758 shares of the specialty retailer's stock valued at $935,370,000 after acquiring an additional 548,065 shares in the last quarter. Finally, Gateway Advisory LLC acquired a new stake in O'Reilly Automotive in the first quarter valued at approximately $536,000. 85.08% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on ORLY shares. UBS Group increased their price objective on shares of O'Reilly Automotive from $940.00 to $1,055.00 in a research report on Friday, April 28th. StockNews.com started coverage on shares of O'Reilly Automotive in a research report on Thursday, August 17th. They set a "buy" rating for the company. Citigroup raised their price target on shares of O'Reilly Automotive from $916.00 to $983.00 in a research report on Monday, July 17th. DA Davidson raised their price target on shares of O'Reilly Automotive from $975.00 to $1,050.00 in a research report on Friday, April 28th. Finally, Wedbush raised their price target on shares of O'Reilly Automotive from $920.00 to $940.00 and gave the stock a "neutral" rating in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, O'Reilly Automotive has an average rating of "Moderate Buy" and a consensus target price of $967.40.

Check Out Our Latest Report on O'Reilly Automotive

ORLY traded down $10.32 on Friday, reaching $924.82. The company had a trading volume of 150,181 shares, compared to its average volume of 431,233. O'Reilly Automotive, Inc. has a one year low of $680.00 and a one year high of $975.72. The company has a market capitalization of $55.73 billion, a P/E ratio of 25.95, a PEG ratio of 1.88 and a beta of 0.86. The company has a fifty day moving average of $942.11 and a 200-day moving average of $899.79.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Thursday, July 27th. The specialty retailer reported $10.22 EPS for the quarter, beating the consensus estimate of $10.05 by $0.17. O'Reilly Automotive had a negative return on equity of 163.68% and a net margin of 14.84%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the business posted $8.78 earnings per share. O'Reilly Automotive's revenue was up 10.8% compared to the same quarter last year. Research analysts predict that O'Reilly Automotive, Inc. will post 37.65 EPS for the current year.

In related news, Director Andrea Weiss sold 200 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $931.34, for a total value of $186,268.00. Following the completion of the sale, the director now directly owns 1,127 shares of the company's stock, valued at approximately $1,049,620.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other O'Reilly Automotive news, Director Andrea Weiss sold 200 shares of the company's stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $931.34, for a total value of $186,268.00. Following the transaction, the director now directly owns 1,127 shares of the company's stock, valued at approximately $1,049,620.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Gregory L. Henslee sold 7,633 shares of the company's stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $935.71, for a total value of $7,142,274.43. Following the completion of the transaction, the chairman now directly owns 8,378 shares in the company, valued at $7,839,378.38. The disclosure for this sale can be found here. Insiders sold a total of 22,632 shares of company stock valued at $21,206,671 over the last three months. Insiders own 1.55% of the company's stock.

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 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.

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