Groesbeck Investment Management Corp NJ Grows Position in O’Reilly Automotive Inc (NASDAQ:ORLY)

Groesbeck Investment Management Corp NJ boosted its holdings in O’Reilly Automotive Inc (NASDAQ:ORLY) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,740 shares of the specialty retailer’s stock after acquiring an additional 60 shares during the quarter. Groesbeck Investment Management Corp NJ’s holdings in O’Reilly Automotive were worth $693,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in ORLY. Squar Milner Financial Services LLC raised its position in O’Reilly Automotive by 80.5% in the second quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 33 shares in the last quarter. Shine Investment Advisory Services Inc. increased its position in shares of O’Reilly Automotive by 65.4% in the second quarter. Shine Investment Advisory Services Inc. now owns 86 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 34 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in shares of O’Reilly Automotive in the second quarter valued at $46,000. Ashburton Jersey Ltd purchased a new position in shares of O’Reilly Automotive in the second quarter valued at $57,000. Finally, Hall Laurie J Trustee increased its position in shares of O’Reilly Automotive by 20.8% in the third quarter. Hall Laurie J Trustee now owns 145 shares of the specialty retailer’s stock valued at $58,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 85.86% of the company’s stock.

ORLY has been the subject of a number of research analyst reports. Nomura initiated coverage on O’Reilly Automotive in a research report on Thursday. They issued a “neutral” rating and a $1,250.00 price target for the company. Credit Suisse Group raised their price target on O’Reilly Automotive from $413.00 to $418.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Wedbush raised their price target on O’Reilly Automotive from $380.00 to $425.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. They noted that the move was a valuation call. Morgan Stanley raised their price target on O’Reilly Automotive from $400.00 to $430.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada set a $465.00 price target on O’Reilly Automotive and gave the company a “buy” rating in a research report on Friday, October 25th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. O’Reilly Automotive currently has a consensus rating of “Hold” and a consensus target price of $489.53.

In related news, SVP Jonathan Wyatt Andrews sold 6,250 shares of O’Reilly Automotive stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $440.51, for a total transaction of $2,753,187.50. Following the completion of the sale, the senior vice president now owns 6,756 shares in the company, valued at approximately $2,976,085.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 19,985 shares of O’Reilly Automotive stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $440.03, for a total value of $8,793,999.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,307 shares of company stock valued at $29,031,403. 2.52% of the stock is currently owned by company insiders.

O’Reilly Automotive stock traded up $0.72 during midday trading on Monday, reaching $439.95. 272,344 shares of the company were exchanged, compared to its average volume of 611,882. The company has a market capitalization of $33.19 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 1.71 and a beta of 0.70. The firm’s 50-day simple moving average is $410.60 and its 200-day simple moving average is $388.03. O’Reilly Automotive Inc has a 1 year low of $326.71 and a 1 year high of $446.78. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.08 and a current ratio of 0.81.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $5.08 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $0.29. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.64 billion. O’Reilly Automotive had a return on equity of 527.13% and a net margin of 13.69%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.50 EPS. On average, analysts forecast that O’Reilly Automotive Inc will post 17.9 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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