Tandem Investment Advisors Inc. raised its holdings in O’Reilly Automotive Inc (NASDAQ:ORLY) by 14.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,535 shares of the specialty retailer’s stock after buying an additional 696 shares during the period. Tandem Investment Advisors Inc.’s holdings in O’Reilly Automotive were worth $2,149,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Scout Investments Inc. raised its stake in O’Reilly Automotive by 39.1% in the first quarter. Scout Investments Inc. now owns 103,667 shares of the specialty retailer’s stock valued at $40,254,000 after buying an additional 29,162 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of O’Reilly Automotive by 13.3% during the first quarter. Virtu Financial LLC now owns 3,091 shares of the specialty retailer’s stock worth $1,200,000 after purchasing an additional 364 shares during the last quarter. Cobiz Wealth LLC grew its holdings in shares of O’Reilly Automotive by 1.9% during the first quarter. Cobiz Wealth LLC now owns 22,207 shares of the specialty retailer’s stock worth $9,057,000 after purchasing an additional 418 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of O’Reilly Automotive during the first quarter worth about $870,000. Finally, OmniStar Financial Group Inc. grew its holdings in shares of O’Reilly Automotive by 13.3% during the first quarter. OmniStar Financial Group Inc. now owns 1,514 shares of the specialty retailer’s stock worth $588,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 86.68% of the company’s stock.
In other news, SVP Larry Lee Ellis sold 800 shares of O’Reilly Automotive stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $376.23, for a total transaction of $300,984.00. Following the completion of the sale, the senior vice president now directly owns 1,156 shares in the company, valued at approximately $434,921.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jason Lee Tarrant sold 1,500 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $385.43, for a total transaction of $578,145.00. Following the sale, the senior vice president now owns 1,928 shares of the company’s stock, valued at $743,109.04. The disclosure for this sale can be found here. Insiders sold a total of 119,273 shares of company stock worth $44,907,567 in the last ninety days. 2.52% of the stock is owned by corporate insiders.
ORLY traded up $3.36 during trading on Monday, reaching $409.68. The company’s stock had a trading volume of 8,822 shares, compared to its average volume of 544,457. O’Reilly Automotive Inc has a 52-week low of $217.64 and a 52-week high of $409.33. The firm has a market capitalization of $31.94 billion, a PE ratio of 25.44, a P/E/G ratio of 1.49 and a beta of 0.85. The company has a current ratio of 0.91, a quick ratio of 0.09 and a debt-to-equity ratio of 9.66.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.76 by ($0.04). O’Reilly Automotive had a net margin of 13.89% and a return on equity of 318.99%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the prior year, the firm posted $2.90 EPS. O’Reilly Automotive’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts predict that O’Reilly Automotive Inc will post 17.78 EPS for the current year.
A number of equities analysts recently issued reports on ORLY shares. Zacks Investment Research lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th. Oppenheimer reissued a “buy” rating on shares of O’Reilly Automotive in a report on Thursday, December 20th. BidaskClub raised O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 27th. Credit Suisse Group reissued a “hold” rating and set a $318.00 price target on shares of O’Reilly Automotive in a report on Tuesday, February 5th. Finally, Atlantic Securities lowered O’Reilly Automotive from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $370.00 to $400.00 in a report on Friday, March 1st. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. O’Reilly Automotive currently has an average rating of “Buy” and an average price target of $366.71.
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About O’Reilly Automotive
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
Further Reading: Balance Sheet
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