O’Reilly Automotive (NASDAQ:ORLY).
Raymond James & Associates reports that it sold 35,536 shares in quarter ending 09/30/2017 decreasing its exposure to O’Reilly Automotive by 18.2%. Its investment was valued at $34,483,000 a decrease of 19.4% as of quarter end.
The following firms have recently changed their position in ORLY. As of quarter end Tredje Ap-fonden had sold 8,780 shares trimming its holdings by 48.3%. The value of the investment in ORLY decreased from $3,975,000 to $2,023,000 a change of 49.1% for the reporting period. As of the end of the quarter Great Lakes Advisors, LLC had acquired a total of 10,175 shares growing its stake by 910.9%. The value of the investment in O’Reilly Automotive went from $244,000 to $2,432,000 a change of $2,188,000 since the last quarter.
Provident Investment Management, Inc. grew its holdings by buying 200 shares an increase of 0.3% in the quarter. Provident Investment Management, Inc. currently owns 58,632 shares valued at $12,628,000. The value of the position overall is down by 1.2%.
October 27 investment analysts at Robert W. Baird kept the stock rating at “Hold” projecting a price of $220.00. Equity analyst Citigroup raised the price target on October 27 changing the forecast from $276.00 to $283.00 with a rating of “Buy”.
Equity analyst Credit Suisse Group released a research note on ORLY stating a rating of “Hold” and projecting a price target of $193.00. Oppenheimer Holdings issued a report on ORLY and giving a rating of “Buy” and price target of $220.00.
On September 5 Bank of America Corporation maintained a stock rating of “Buy” targeting a price of $250.00. On September 1, 2017 Robert W. Baird maintained a “Neutral” rating on the company.
The company is up from yesterday’s close of 215.89. The P/E ratio is currently 18.39 and the market cap of the company is 18.44B. In the latest earnings report the EPS was $11.75 with 85.03M shares now outstanding.
Short traders are feeling a little more bearish on shares of the company lately as evidenced by the rise in short interest. The stock recorded a rise in short interest of 8.60% as of October 13, 2017 from the last reporting period. Short shares grew 429,348 over that period. Days to cover increased 4.0 to 8.0 and the percentage of shorted shares was 0.06% on October 13.