Proficio Capital Partners LLC Has $104,000 Position in O’Reilly Automotive Inc. (ORLY)
Proficio Capital Partners LLC increased its position in O’Reilly Automotive Inc. (NASDAQ:ORLY) by 9.8% during the second quarter, Holdings Channel reports. The institutional investor owned 359 shares of the company’s stock after buying an additional 32 shares during the period. Proficio Capital Partners LLC’s holdings in O’Reilly Automotive were worth $104,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. 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 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 approximately $164,000. Cypress Wealth Advisors LLC bought a new position in shares of O’Reilly Automotive during the first quarter worth approximately $211,000. Private Trust Co. NA boosted 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. Finally, Checchi Capital Advisers LLC boosted its position in shares of O’Reilly Automotive by 2.6% in the second quarter. Checchi Capital Advisers LLC now owns 803 shares of the company’s stock worth $218,000 after buying an additional 20 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.
Shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) traded up 0.15% on Friday, hitting $279.32. The company’s stock had a trading volume of 521,282 shares. The stock has a 50-day moving average price of $278.79 and a 200 day moving average price of $273.45. O’Reilly Automotive Inc. has a one year low of $225.12 and a one year high of $292.84. The firm has a market cap of $26.52 billion, a price-to-earnings ratio of 27.77 and a beta of 0.74.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 27th. The company reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.68 by $0.03. O’Reilly Automotive had a return on equity of 52.57% and a net margin of 12.02%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the company earned $2.29 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts predict that O’Reilly Automotive Inc. will post $10.74 EPS for the current year.
A number of equities research analysts have commented on the company. Wedbush reissued an “outperform” rating and set a $310.00 price target (up from $280.00) on shares of O’Reilly Automotive in a report on Wednesday, August 10th. Vetr cut O’Reilly Automotive from a “strong-buy” rating to a “buy” rating and set a $301.89 price target on the stock. in a report on Tuesday, June 28th. Citigroup Inc. raised their price target on O’Reilly Automotive from $310.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 29th. Susquehanna assumed coverage on O’Reilly Automotive in a report on Thursday, August 25th. They set a “positive” rating and a $343.00 price target on the stock. Finally, Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” 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 issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $303.47.
In related news, SVP Brad W. Beckham sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were 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 owns 4,338 shares in the company, valued at approximately $1,238,455.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul R. Lederer sold 100 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $283.00, for a total transaction of $28,300.00. The disclosure for this sale can be found here. Corporate 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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