Benjamin Edwards Inc. increased its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 6,406.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,123 shares of the specialty retailer's stock after acquiring an additional 3,075 shares during the quarter. Benjamin Edwards Inc.'s holdings in O'Reilly Automotive were worth $3,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of ORLY. Principal Financial Group Inc. lifted its stake in shares of O'Reilly Automotive by 3.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer's stock valued at $1,954,404,000 after purchasing an additional 57,194 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of O'Reilly Automotive by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer's stock valued at $1,505,649,000 after purchasing an additional 19,211 shares during the period. International Assets Investment Management LLC lifted its stake in shares of O'Reilly Automotive by 99,957.0% in the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock valued at $984,027,000 after purchasing an additional 853,633 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of O'Reilly Automotive by 28.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock valued at $692,816,000 after purchasing an additional 133,139 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of O'Reilly Automotive by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer's stock valued at $524,629,000 after purchasing an additional 24,767 shares during the period. 85.00% of the stock is currently owned by institutional investors.
O'Reilly Automotive Stock Performance
Shares of NASDAQ:ORLY traded down $5.07 during trading on Wednesday, hitting $1,242.92. The company's stock had a trading volume of 257,090 shares, compared to its average volume of 373,259. The company has a market capitalization of $71.75 billion, a PE ratio of 30.75, a P/E/G ratio of 2.53 and a beta of 0.93. The business has a 50 day moving average price of $1,198.24 and a two-hundred day moving average price of $1,114.50. O'Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.40.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same period last year, the firm posted $10.72 earnings per share. O'Reilly Automotive's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts expect that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Andrea Weiss sold 600 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now owns 700 shares of the company's stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company's stock.
Wall Street Analyst Weigh In
ORLY has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Roth Mkm reiterated a "buy" rating and issued a $1,337.00 target price on shares of O'Reilly Automotive in a research report on Wednesday, October 16th. TD Cowen boosted their price objective on O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. BNP Paribas raised O'Reilly Automotive to a "strong-buy" rating in a research note on Friday, October 25th. Finally, Wedbush reissued a "neutral" rating and issued a $1,200.00 price objective on shares of O'Reilly Automotive in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, O'Reilly Automotive currently has an average rating of "Moderate Buy" and a consensus price target of $1,248.06.
Check Out Our Latest Stock Report on ORLY
O'Reilly Automotive Profile
(
Free Report)
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.
Featured Articles
Before you consider O'Reilly Automotive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and O'Reilly Automotive wasn't on the list.
While O'Reilly Automotive currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
