Mainstream Capital Management LLC Takes Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Mainstream Capital Management LLC acquired a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 778 shares of the specialty retailer's stock, valued at approximately $896,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ORLY. International Assets Investment Management LLC raised its holdings 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of O'Reilly Automotive by 56.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer's stock valued at $1,180,259,000 after purchasing an additional 376,167 shares in the last quarter. CCLA Investment Management acquired a new stake in shares of O'Reilly Automotive in the 1st quarter valued at $95,481,000. Marshall Wace LLP raised its holdings in shares of O'Reilly Automotive by 809.8% in the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer's stock valued at $96,078,000 after purchasing an additional 80,978 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of O'Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer's stock valued at $5,739,462,000 after purchasing an additional 75,837 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of analyst reports. DA Davidson restated a "buy" rating and issued a $1,275.00 price objective on shares of O'Reilly Automotive in a report on Thursday, October 24th. BNP Paribas raised shares of O'Reilly Automotive to a "strong-buy" rating in a research report on Friday, October 25th. TD Cowen increased their target price on shares of 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. Roth Capital raised shares of O'Reilly Automotive to a "strong-buy" rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley increased their target price on shares of O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Four investment 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,242.13.

Insider Buying and Selling at O'Reilly Automotive

In other news, Chairman David E. Oreilly sold 1,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm's 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chairman now owns 183,583 shares in the company, valued at approximately $205,407,347.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,322 shares of company stock valued at $18,280,698. Corporate insiders own 1.55% of the company's stock.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock traded up $3.19 during mid-day trading on Friday, reaching $1,217.70. The company had a trading volume of 313,310 shares, compared to its average volume of 333,266. O'Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,239.65. The company has a market capitalization of $70.64 billion, a P/E ratio of 30.13, a P/E/G ratio of 2.51 and a beta of 0.92. The stock's 50-day simple moving average is $1,161.22 and its 200-day simple moving average is $1,088.58.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period last year, the business posted $10.72 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that O'Reilly Automotive, Inc. will post 40.82 EPS for the current fiscal year.

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.