Oppenheimer Asset Management Inc. Grows Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Oppenheimer Asset Management Inc. lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,818 shares of the specialty retailer’s stock after acquiring an additional 436 shares during the period. Oppenheimer Asset Management Inc.’s holdings in O’Reilly Automotive were worth $10,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ORLY. Avantax Advisory Services Inc. lifted its stake in O’Reilly Automotive by 6.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,384 shares of the specialty retailer’s stock valued at $1,562,000 after acquiring an additional 80 shares during the period. Bleakley Financial Group LLC grew its position in O’Reilly Automotive by 2.5% in the 1st quarter. Bleakley Financial Group LLC now owns 1,150 shares of the specialty retailer’s stock worth $1,298,000 after purchasing an additional 28 shares during the period. HBK Sorce Advisory LLC raised its stake in O’Reilly Automotive by 9.7% during the 1st quarter. HBK Sorce Advisory LLC now owns 462 shares of the specialty retailer’s stock valued at $522,000 after buying an additional 41 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in O’Reilly Automotive in the first quarter valued at about $254,000. Finally, Lord Abbett & CO. LLC bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at about $36,176,000. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 0.2 %

ORLY opened at $1,238.78 on Thursday. The firm has a 50-day simple moving average of $1,165.19 and a two-hundred day simple moving average of $1,091.11. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,252.54. The company has a market capitalization of $71.51 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the business earned $10.72 EPS. O’Reilly Automotive’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 40.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on ORLY shares. Bank of America upped their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Cowen lifted their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays upped their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, Wedbush reissued a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

Insider Activity

In other news, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the sale, the director now owns 141,589 shares in the company, valued at approximately $158,511,717.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the transaction, the director now owns 141,589 shares in the company, valued at $158,511,717.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,322 shares of company stock valued at $18,280,698 in the last ninety days. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.