O’Reilly Automotive, Inc. (NASDAQ:ORLY).
Gateway Investment Advisers LLC says it lowered its investment in O’Reilly Automotive, Inc. by 125 shares in the quarter ending 06/30/2017. Its stake was worth $1,196,000 a decrease of $313,000 according to the filing.
The following firms have also recently changed their position in ORLY. As of quarter end Cobiz Wealth, LLC had disposed of a total of 1,307 shares trimming its holdings by 5.0%. The value of the total investment in O’Reilly Automotive, Inc. decreased from $7,054,000 to $5,432,000 a change of 23.0% for the reporting period. Daiwa Sb Investments Ltd. augmented its position by buying 490 shares an increase of 14.0%. Daiwa Sb Investments Ltd. now holds 3,980 shares valued at $871,000. The value of the position overall is down by 7.5%.
As of the end of the quarter Private Trust Co Na had sold 521 shares trimming its stake by 22.1%. The value of the investment in (ORLY) went from $635,000 to $400,000 decreasing 37.0% quarter to quarter.
On July 7 the company was downgraded to “Neutral” from “” in a report from Bank of America. On July 6 the company was changed to a “Neutral” in a report from Credit Suisse which is down from the previous “Outperform” rating.
On July 6 the stock rating was downgraded from “Overweight” to “Neutral” by Morgan Stanley. On June 20 the stock rating was downgraded to “Neutral” from “Positive” in a statement from Susquehanna.
Equity analyst Atlantic Equities began coverage of ORLY with an initial rating of “Neutral”. Susquehanna started covering the stock with a rating of “Positive”.
The company is so far trading up since yesterday’s close of $174.1. Shares of the company are trading at $175.36 slightly below $237.55, the stock’s 50 day moving average and just a bit lower than the 200 day moving average of $260.49. The 50 day moving average was down by -26.71% and the 200 day average went down by -33.16%.
The P/E ratio is currently 15.87 and market capitalization is 15.84B. In the last earnings report the EPS was $10.97 and is projected to be $11.89 for the current year with 91,005,000 shares now outstanding. Next quarter’s EPS is forecasted at $3.21 and the next full year EPS is anticipated to be $13.21.
Traders are feeling more bearish on O’Reilly Automotive, Inc. of late considering the increase in short interest. The firm recorded a rise in short interest from June 15, 2017 to May 31, 2017 of 4.88%. Short shares increased from 8,202,216 to 8,602,740 over that timeframe. Days to cover increased 2.2 to 7.0 and the short interest percentage is 0.09% as of May 31.