First Merchants Corp boosted its stake in shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) by 3.5% during the second quarter, Holdings Channel reports. The institutional investor owned 2,672 shares of the company’s stock after buying an additional 90 shares during the period. First Merchants Corp’s holdings in O’Reilly Automotive were worth $724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HL Financial Services LLC boosted its position in shares of O’Reilly Automotive by 0.4% in the second quarter. HL Financial Services LLC now owns 12,298 shares of the company’s stock valued at $3,334,000 after buying an additional 44 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of O’Reilly Automotive during the second quarter valued at $33,666,000. Financial Architects Inc boosted its position in shares of O’Reilly Automotive by 93.2% in the second quarter. Financial Architects Inc now owns 593 shares of the company’s stock valued at $161,000 after buying an additional 286 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of O’Reilly Automotive by 9.8% in the second quarter. Shell Asset Management Co. now owns 19,306 shares of the company’s stock valued at $5,234,000 after buying an additional 1,728 shares in the last quarter. Finally, Parkwood LLC boosted its position in shares of O’Reilly Automotive by 18.2% in the second quarter. Parkwood LLC now owns 18,155 shares of the company’s stock valued at $4,922,000 after buying an additional 2,789 shares in the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

Shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) traded up 1.60% on Wednesday, hitting $279.55. The company had a trading volume of 979,967 shares. The firm has a 50 day moving average of $282.69 and a 200-day moving average of $272.42. O’Reilly Automotive Inc. has a 12-month low of $225.12 and a 12-month high of $292.84. The firm has a market capitalization of $26.54 billion, a P/E ratio of 27.79 and a beta of 0.66.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 27th. The company reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by $0.03. The company earned $2.18 billion during the quarter, compared to the consensus estimate of $2.19 billion. O’Reilly Automotive had a net margin of 12.02% and a return on equity of 52.57%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.29 EPS. On average, equities analysts predict that O’Reilly Automotive Inc. will post $10.74 EPS for the current year.

Several research analysts recently weighed in on the company. Susquehanna assumed coverage on O’Reilly Automotive in a research note on Thursday, August 25th. They set a “positive” rating and a $343.00 target price for the company. Wedbush reiterated an “outperform” rating and issued a $310.00 price target (up previously from $280.00) on shares of O’Reilly Automotive in a research report on Wednesday, August 10th. Vetr lowered O’Reilly Automotive from a “buy” rating to a “hold” rating and set a $300.40 price target for the company. in a research report on Monday, August 1st. Deutsche Bank AG increased their price target on O’Reilly Automotive from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, Citigroup Inc. increased their price target on O’Reilly Automotive from $310.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $303.47.

In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $290.20, for a total value of $2,902,000.00. Following the completion of the transaction, the director now directly owns 154,092 shares of the company’s stock, valued at $44,717,498.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul R. Lederer sold 100 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $283.00, for a total value of $28,300.00. The disclosure for this sale can be found here. 3.37% of the stock is owned by company insiders.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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