Oppenheimer Asset Management Inc. Raises Stock Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Oppenheimer Asset Management Inc. grew its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,818 shares of the specialty retailer's stock after purchasing an additional 436 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in O'Reilly Automotive were worth $10,155,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC increased its holdings in O'Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 23 shares during the period. Princeton Global Asset Management LLC acquired a new stake in O'Reilly Automotive in the third quarter valued at approximately $41,000. Crewe Advisors LLC purchased a new position in O'Reilly Automotive in the first quarter worth approximately $43,000. Kings Path Partners LLC acquired a new position in O'Reilly Automotive during the 2nd quarter worth approximately $44,000. Finally, ORG Partners LLC purchased a new stake in shares of O'Reilly Automotive in the 2nd quarter valued at approximately $48,000. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Stock Down 1.2 %

Shares of O'Reilly Automotive stock traded down $14.38 during trading on Thursday, reaching $1,224.40. The company's stock had a trading volume of 414,451 shares, compared to its average volume of 375,014. The business has a 50 day moving average price of $1,167.21 and a 200-day moving average price of $1,092.14. O'Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.30. The company has a market capitalization 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 (NASDAQ:ORLY - Get Free Report) last issued 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 company had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $4.42 billion. O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. O'Reilly Automotive's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.72 earnings per share. Research analysts predict that O'Reilly Automotive, Inc. will post 40.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other O'Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now owns 183,583 shares of the company's stock, valued at approximately $205,407,347.04. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 13,765 shares of O'Reilly Automotive stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the transaction, the director now directly owns 141,589 shares of the company's stock, valued at $158,511,717.28. This trade represents a 8.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,322 shares of company stock worth $18,280,698. 1.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ORLY shares. BNP Paribas upgraded shares of O'Reilly Automotive to a "strong-buy" rating in a research note on Friday, October 25th. DA Davidson reiterated a "buy" rating and issued a $1,275.00 price objective on shares of O'Reilly Automotive in a report on Thursday, October 24th. 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 note on Thursday, August 22nd. JPMorgan Chase & Co. increased their price target on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada boosted their price objective on shares of 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. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,242.13.

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.