O'Reilly Auto director unloads 1,200 shares

O'Reilly Automotive Inc. Director Paul Lederer sold 1,200 shares of common stock this week on the open market.

Lederer, a member of the Springfield company's board of directors since 2001, now has 10,368 shares, according to a Aug. 13 U.S. Securities and Exchange Commission filing.

The shares - under ticker symbol Nasdaq: ORLY) sold at a price of $127.40, resulting in a total payment of $152,880.

About two weeks ago, on July 31, two other O'Reilly officials sold a significant amount of shares, according to SEC filings. Director Ronald Rashkow sold 5,000 shares at $124.44 apiece, and O'Reilly General Counsel Jeffrey Groves sold 6,250 shares at $123.91 apiece.

ORLY shares were trading at $123.67 as of 10:56 a.m., compared to a 52-week range of $78.58 to $128.45. O'Reilly's 52-week high was reached Aug. 5, less than two weeks after the release of the company's second-quarter financials.

Deutsche Bank recently issued a "hold" rating on O'Reilly stock, advising investors to neither buy nor sell shares; Barclays Capital analysts noted an "overweight" rating, meaning the security is expected outperform expectations; and RBC Capital posted a "buy" rating, according to Zolmax.com and Investpedia.com.