Investment Management Corp of Ontario Raises Stock Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Investment Management Corp of Ontario increased its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 55.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,959 shares of the specialty retailer's stock after buying an additional 700 shares during the period. Investment Management Corp of Ontario's holdings in O'Reilly Automotive were worth $2,256,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in O'Reilly Automotive in the 3rd quarter worth about $32,000. Trifecta Capital Advisors LLC increased its stake in shares of O'Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of O'Reilly Automotive in the third quarter valued at approximately $37,000. Princeton Global Asset Management LLC purchased a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at approximately $41,000. Finally, Kings Path Partners LLC bought a new position in O'Reilly Automotive in the 2nd quarter worth approximately $44,000. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded down $8.11 during trading hours on Thursday, hitting $1,234.81. The company's stock had a trading volume of 274,859 shares, compared to its average volume of 372,840. O'Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,255.40. The stock has a market cap of $71.29 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 2.53 and a beta of 0.93. The business has a 50-day simple moving average of $1,199.74 and a 200-day simple moving average of $1,115.34.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results 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 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 analysts' expectations of $4.42 billion. During the same period last year, the firm posted $10.72 earnings per share. O'Reilly Automotive's quarterly revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that O'Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Insiders Place Their Bets

In other news, Director Andrea Weiss sold 600 shares of O'Reilly Automotive stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now owns 700 shares of the company's stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ORLY shares. Royal Bank of Canada boosted their target price on shares of O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Roth Mkm reissued a "buy" rating and set a $1,337.00 price objective on shares of O'Reilly Automotive in a report on Wednesday, October 16th. TD Cowen raised their target price 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. Barclays upped their price target on O'Reilly Automotive from $986.00 to $1,088.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Finally, DA Davidson restated a "buy" rating and issued a $1,275.00 price objective on shares of O'Reilly Automotive in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,248.06.

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.