Hedeker Wealth LLC Acquires Shares of 2,279 O'Reilly Automotive Inc (ORLY)
Hedeker Wealth LLC purchased a new stake in O'Reilly Automotive Inc (NASDAQ:ORLY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,279 shares of the company’s stock, valued at approximately $617,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Sun Life Financial INC bought a new position in shares of O'Reilly Automotive during the first quarter worth about $81,824,000. Financial Architects Inc raised 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 worth $161,000 after buying an additional 286 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of O'Reilly Automotive during the first quarter worth about $164,000. Cypress Wealth Advisors LLC bought a new position in shares of O'Reilly Automotive during the first quarter worth about $211,000. Finally, Private Trust Co. NA raised its position in shares of O'Reilly Automotive by 1.5% in the second quarter. Private Trust Co. NA now owns 799 shares of the company’s stock worth $216,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.
O'Reilly Automotive Inc (NASDAQ:ORLY) traded up 0.15% during trading on Friday, reaching $279.32. The company had a trading volume of 521,282 shares. The company has a market capitalization of $26.52 billion, a PE ratio of 27.77 and a beta of 0.74. The company has a 50 day moving average price of $278.93 and a 200 day moving average price of $273.41. O'Reilly Automotive Inc has a 52-week low of $225.12 and a 52-week high of $292.84.
O'Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 27th. The company reported $2.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.68 by $0.03. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.19 billion. O'Reilly Automotive had a return on equity of 52.57% and a net margin of 12.02%. O'Reilly Automotive’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 earnings per share. On average, equities analysts forecast that O'Reilly Automotive Inc will post $10.74 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the stock. Deutsche Bank AG reiterated a “buy” rating on shares of O'Reilly Automotive in a research report on Sunday, July 10th. JPMorgan Chase & Co. increased their target price on shares of O'Reilly Automotive from $280.00 to $295.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Vetr downgraded shares of O'Reilly Automotive from a “buy” rating to a “hold” rating and set a $300.40 price target for the company. in a report on Monday, August 1st. Zacks Investment Research raised shares of O'Reilly Automotive from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Finally, Citigroup Inc. upped their price target on shares of O'Reilly Automotive from $310.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. O'Reilly Automotive has a consensus rating of “Buy” and an average price target of $303.47.
In other news, SVP Brad W. Beckham sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $285.49, for a total transaction of $1,141,960.00. Following the completion of the transaction, the senior vice president now directly owns 4,338 shares in the company, valued at approximately $1,238,455.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the director now owns 154,092 shares of the company’s stock, valued at $44,717,498.40. The disclosure for this sale can be found here. Insiders own 3.37% of the company’s stock.
O'Reilly Automotive Company Profile
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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