Fortis Capital Management LLC Acquires 1,937 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Fortis Capital Management LLC increased its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 80.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,355 shares of the specialty retailer's stock after acquiring an additional 1,937 shares during the period. O'Reilly Automotive accounts for about 1.0% of Fortis Capital Management LLC's holdings, making the stock its 23rd largest position. Fortis Capital Management LLC's holdings in O'Reilly Automotive were worth $5,015,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. ICICI Prudential Asset Management Co Ltd increased its holdings in shares of O'Reilly Automotive by 17.2% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 757 shares of the specialty retailer's stock valued at $872,000 after acquiring an additional 111 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in O'Reilly Automotive by 5.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,818 shares of the specialty retailer's stock valued at $10,155,000 after purchasing an additional 436 shares during the period. Saturna Capital Corp boosted its stake in O'Reilly Automotive by 0.9% during the 3rd quarter. Saturna Capital Corp now owns 3,791 shares of the specialty retailer's stock valued at $4,366,000 after purchasing an additional 35 shares during the period. Pinnacle Financial Partners Inc bought a new stake in O'Reilly Automotive during the 3rd quarter valued at approximately $211,000. Finally, Haverford Trust Co boosted its stake in O'Reilly Automotive by 23.2% during the 3rd quarter. Haverford Trust Co now owns 281 shares of the specialty retailer's stock valued at $324,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

Shares of NASDAQ ORLY traded down $14.38 during midday trading on Thursday, hitting $1,224.40. The stock had a trading volume of 414,451 shares, compared to its average volume of 375,014. The company's 50-day simple moving average is $1,167.21 and its 200 day simple moving average is $1,092.14. The firm has a market cap of $70.68 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. O'Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted $10.72 earnings per share. Equities analysts expect that O'Reilly Automotive, Inc. will post 40.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ORLY shares. TD Cowen increased 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 note on Friday, October 25th. Morgan Stanley raised their price objective on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Royal Bank of Canada raised their price objective on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Bank of America raised their price objective on O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Finally, Roth Capital upgraded O'Reilly Automotive to a "strong-buy" rating in a research report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, O'Reilly Automotive currently has an average rating of "Moderate Buy" and a consensus price target of $1,242.13.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of O'Reilly Automotive stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the transaction, the chairman now directly owns 183,583 shares in the company, valued at approximately $205,407,347.04. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O'Reilly Automotive stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold 16,322 shares of company stock worth $18,280,698 in the last three months. Insiders own 1.55% of the company's stock.

About O'Reilly Automotive

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.