Pointe Capital Management Lowers stake in O'Reilly Automotive Inc (ORLY)

O'Reilly Automotive Inc (ORLY) : Pointe Capital Management reduced its stake in O'Reilly Automotive Inc by 5.4% during the most recent quarter end. The investment management company now holds a total of 2,784 shares of O'Reilly Automotive Inc which is valued at $772,588 after selling 159 shares in O'Reilly Automotive Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.O'Reilly Automotive Inc makes up approximately 0.56% of Pointe Capital Management’s portfolio.

Other Hedge Funds, Including , Conning reduced its stake in ORLY by selling 100 shares or 3.71% in the most recent quarter. The Hedge Fund company now holds 2,597 shares of ORLY which is valued at $720,693. O'Reilly Automotive Inc makes up approx 0.03% of Conning’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in ORLY by selling 770 shares or 7.2% in the most recent quarter. The Hedge Fund company now holds 9,923 shares of ORLY which is valued at $2,720,291. O'Reilly Automotive Inc makes up approx 1.51% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in ORLY by selling 1,210 shares or 26.42% in the most recent quarter. The Hedge Fund company now holds 3,370 shares of ORLY which is valued at $945,656. O'Reilly Automotive Inc makes up approx 0.27% of Daiwa Sb Investments Ltd.’s portfolio.

O'Reilly Automotive Inc opened for trading at $288.66 and hit $291.91 on the upside on Friday, eventually ending the session at $290.63, with a gain of 0.68% or 1.96 points. The heightened volatility saw the trading volume jump to 8,29,765 shares. Company has a market cap of $28,033 M.

On the company’s financial health, O'Reilly Automotive Inc reported $2.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $2.68. The company had revenue of $2176.68 million for the quarter, compared to analysts expectations of $2193.15 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.29 EPS.

Many Wall Street Analysts have commented on O'Reilly Automotive Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 266 from a previous price target of $257 .

O’Reilly Automotive Inc. (O’Reilly) is a specialty retailer of automotive aftermarket parts tools supplies equipment and accessories in the United States. The Company’s stores carry a product line including new and remanufactured automotive hard parts maintenance items and various automotive accessories. As of December 31 2014 the Company owned and operated 4366 stores in 43 states servicing both the do-it-yourself (DIY) customers and the professional service providers. O’Reilly’s stores offer new and remanufactured automotive hard parts such as alternators starters fuel pumps water pumps brake system components batteries belts hoses temperature control chassis parts and engine parts; maintenance items such as oil antifreeze fluids filters wiper blades lighting engine additives and appearance products and accessories such as floor mats seat covers and truck accessories.

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