O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Bought by JLB & Associates Inc.

JLB & Associates Inc. lifted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,333 shares of the specialty retailer's stock after purchasing an additional 1,099 shares during the quarter. O'Reilly Automotive accounts for approximately 2.4% of JLB & Associates Inc.'s holdings, making the stock its 17th biggest position. JLB & Associates Inc.'s holdings in O'Reilly Automotive were worth $18,809,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Rise Advisors LLC purchased a new position in O'Reilly Automotive in the 1st quarter worth about $36,000. Indiana Trust & Investment Management CO raised its position in O'Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer's stock worth $38,000 after buying an additional 26 shares during the last quarter. Riverview Trust Co purchased a new position in O'Reilly Automotive in the 1st quarter worth about $41,000. Crewe Advisors LLC purchased a new position in O'Reilly Automotive in the 1st quarter worth about $43,000. Finally, Kings Path Partners LLC purchased a new position in O'Reilly Automotive in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of ORLY traded down $5.61 during mid-day trading on Thursday, hitting $1,149.31. 189,651 shares of the stock were exchanged, compared to its average volume of 382,780. The company has a market cap of $66.67 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92. O'Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The firm has a 50-day moving average of $1,127.43 and a two-hundred day moving average of $1,075.19.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to analysts' expectations of $4.32 billion. O'Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.22 EPS. On average, sell-side analysts predict that O'Reilly Automotive, Inc. will post 41.13 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ORLY. Bank of America boosted their target price 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. Evercore ISI boosted their price target on O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an "outperform" rating in a research note on Thursday, August 22nd. DA Davidson boosted their price target on O'Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Wells Fargo & Company boosted their price target on O'Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada cut their price target on O'Reilly Automotive from $1,124.00 to $1,115.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,144.06.

Insider Transactions at O'Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The stock was 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 SEC, which is accessible through this hyperlink. In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the firm's 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. In the last 90 days, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by corporate insiders.

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.