Private Advisor Group LLC lifted its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,333 shares of the specialty retailer’s stock after buying an additional 199 shares during the period. Private Advisor Group LLC’s holdings in O’Reilly Automotive were worth $1,405,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of ORLY. Meeder Asset Management Inc. boosted its holdings in O’Reilly Automotive by 85.1% in the first quarter. Meeder Asset Management Inc. now owns 87 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Kore Private Wealth LLC boosted its holdings in O’Reilly Automotive by 270.6% in the second quarter. Kore Private Wealth LLC now owns 63 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. CX Institutional raised its stake in O’Reilly Automotive by 168.0% during the second quarter. CX Institutional now owns 67 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 42 shares in the last quarter. Asset Advisors Investment Management LLC acquired a new stake in O’Reilly Automotive during the second quarter valued at approximately $32,000. Finally, Tarbox Family Office Inc. raised its stake in O’Reilly Automotive by 514.3% during the second quarter. Tarbox Family Office Inc. now owns 129 shares of the specialty retailer’s stock valued at $54,000 after buying an additional 108 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on ORLY shares. JPMorgan Chase & Co. upped their price objective on O’Reilly Automotive from $380.00 to $460.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Nomura increased their price target on O’Reilly Automotive from $372.00 to $390.00 in a research report on Wednesday, May 20th. Wedbush increased their price target on O’Reilly Automotive from $420.00 to $490.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Raymond James reiterated a “hold” rating on shares of O’Reilly Automotive in a research report on Thursday, August 6th. Finally, Morgan Stanley raised their target price on O’Reilly Automotive from $395.00 to $470.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. O’Reilly Automotive presently has an average rating of “Buy” and a consensus target price of $453.79.
In other news, Chairman David E. Oreilly sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $465.06, for a total value of $6,975,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Richard Darin Venosdel sold 2,500 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $482.39, for a total value of $1,205,975.00. Following the completion of the sale, the senior vice president now directly owns 4,084 shares in the company, valued at $1,970,080.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,589 shares of company stock worth $34,298,608. Corporate insiders own 2.43% of the company’s stock.
Shares of NASDAQ:ORLY opened at $477.41 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.25 and a debt-to-equity ratio of 7.01. O’Reilly Automotive Inc has a 1 year low of $251.51 and a 1 year high of $487.95. The business has a fifty day simple moving average of $467.22 and a 200 day simple moving average of $405.79. The firm has a market cap of $35.36 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 1.50 and a beta of 1.08.
O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 29th. The specialty retailer reported $7.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.10 by $3.00. O’Reilly Automotive had a return on equity of 490.94% and a net margin of 14.45%. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the company earned $4.51 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. On average, sell-side analysts forecast that O’Reilly Automotive Inc will post 21.58 EPS for the current year.
O’Reilly Automotive Company Profile
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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