Symphony Asset Management Lowers stake in O'Reilly Automotive Inc (ORLY)

O'Reilly Automotive Inc (ORLY) : Symphony Asset Management reduced its stake in O'Reilly Automotive Inc by 11.64% during the most recent quarter end. The investment management company now holds a total of 20,207 shares of O'Reilly Automotive Inc which is valued at $5,297,063 after selling 2,661 shares in O'Reilly Automotive Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.O'Reilly Automotive Inc makes up approximately 0.89% of Symphony Asset Management’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management reduced its stake in ORLY by selling 3,885 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 196,220 shares of ORLY which is valued at $50,940,674. O'Reilly Automotive Inc makes up approx 0.06% of Blackrock Investment Management’s portfolio.Penserra Capital Management boosted its stake in ORLY in the latest quarter, The investment management firm added 319 additional shares and now holds a total of 641 shares of O'Reilly Automotive Inc which is valued at $167,839. O'Reilly Automotive Inc makes up approx 0.02% of Penserra Capital Management’s portfolio.Texas Permanent School Fund reduced its stake in ORLY by selling 2,059 shares or 6.58% in the most recent quarter. The Hedge Fund company now holds 29,235 shares of ORLY which is valued at $7,703,423. O'Reilly Automotive Inc makes up approx 0.11% of Texas Permanent School Fund’s portfolio.

O'Reilly Automotive Inc closed down -5.25 points or -1.94% at $265.74 with 9,15,560 shares getting traded on Monday. Post opening the session at $269.75, the shares hit an intraday low of $264.92 and an intraday high of $272.19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, O'Reilly Automotive Inc reported $2.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $2.93. The company had revenue of $2220.00 million for the quarter, compared to analysts expectations of $2224.55 million. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.64 EPS.

Many Wall Street Analysts have commented on O'Reilly Automotive Inc. Shares were Reiterated by Deutsche Bank on Oct 28, 2016 to “Buy” and Lowered the Price Target to $ 275 from a previous price target of $315 .Susquehanna Initiated O'Reilly Automotive Inc on Aug 26, 2016 to “Positive”, Price Target of the shares are set at $343.

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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