Toronto Dominion Bank Has $57.98 Million Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Toronto Dominion Bank lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 157.0% during the 2nd quarter, Holdings Channel reports. The firm owned 102,406 shares of the specialty retailer’s stock after purchasing an additional 62,565 shares during the quarter. Toronto Dominion Bank’s holdings in O’Reilly Automotive were worth $57,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. acquired a new stake in O’Reilly Automotive in the 2nd quarter valued at about $5,034,000. Asahi Life Asset Management CO. LTD. bought a new stake in O’Reilly Automotive in the 2nd quarter valued at $272,000. Empirical Finance LLC lifted its holdings in O’Reilly Automotive by 12.1% during the 2nd quarter. Empirical Finance LLC now owns 872 shares of the specialty retailer’s stock valued at $494,000 after purchasing an additional 94 shares during the last quarter. QCM Cayman Ltd. bought a new position in O’Reilly Automotive during the second quarter worth $215,000. Finally, Van ECK Associates Corp increased its holdings in shares of O’Reilly Automotive by 32.5% in the second quarter. Van ECK Associates Corp now owns 13,634 shares of the specialty retailer’s stock valued at $7,720,000 after purchasing an additional 3,342 shares during the last quarter. Institutional investors own 79.53% of the company’s stock.

NASDAQ:ORLY opened at $590.85 on Wednesday. O’Reilly Automotive, Inc. has a fifty-two week low of $424.03 and a fifty-two week high of $621.73. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.19 and a current ratio of 0.82. The company has a 50 day simple moving average of $598.27 and a two-hundred day simple moving average of $550.92. The company has a market capitalization of $40.74 billion, a PE ratio of 21.21, a P/E/G ratio of 1.51 and a beta of 1.08.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Tuesday, July 27th. The specialty retailer reported $8.33 EPS for the quarter, beating analysts’ consensus estimates of $7.28 by $1.05. O’Reilly Automotive had a return on equity of 757.31% and a net margin of 15.94%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the company posted $7.10 EPS. Research analysts predict that O’Reilly Automotive, Inc. will post 27.65 EPS for the current year.

In other O’Reilly Automotive news, SVP Scott E. Kraus sold 3,432 shares of the company’s stock in a transaction dated Wednesday, August 18th. The shares were sold at an average price of $602.41, for a total value of $2,067,471.12. Following the completion of the sale, the senior vice president now directly owns 3,102 shares of the company’s stock, valued at approximately $1,868,675.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David E. Oreilly sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 25th. The stock was sold at an average price of $605.00, for a total transaction of $3,025,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 95,628 shares of company stock valued at $58,150,270 in the last quarter. Company insiders own 2.11% of the company’s stock.

Several research firms have weighed in on ORLY. Wedbush increased their price target on shares of O’Reilly Automotive from $540.00 to $590.00 and gave the company a “neutral” rating in a report on Thursday, July 29th. Morgan Stanley downgraded O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and set a $630.00 target price for the company. in a report on Friday, August 27th. Oppenheimer upped their price target on shares of O’Reilly Automotive from $590.00 to $690.00 and gave the company an “outperform” rating in a research note on Friday, July 30th. Raymond James cut shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating and set a $619.56 price objective for the company. in a research note on Tuesday, July 27th. Finally, Wells Fargo & Company boosted their price target on O’Reilly Automotive from $660.00 to $670.00 and gave the company an “overweight” rating in a research note on Thursday, July 29th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Buy” and a consensus price target of $580.18.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products; 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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