Quantinno Capital Management LP Raises Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Quantinno Capital Management LP boosted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 46.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,926 shares of the specialty retailer's stock after purchasing an additional 3,468 shares during the quarter. Quantinno Capital Management LP's holdings in O'Reilly Automotive were worth $12,582,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $32,000. Trifecta Capital Advisors LLC grew 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 valued at $33,000 after purchasing an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in O'Reilly Automotive during the 3rd quarter valued at about $37,000. Princeton Global Asset Management LLC bought a new position in O'Reilly Automotive during the 3rd quarter valued at about $41,000. Finally, Kings Path Partners LLC bought a new position in O'Reilly Automotive during the 2nd quarter valued at about $44,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O'Reilly Automotive Price Performance

NASDAQ ORLY traded down $13.91 during mid-day trading on Thursday, hitting $1,229.01. The stock had a trading volume of 129,803 shares, compared to its average volume of 372,201. The firm's 50 day moving average is $1,198.24 and its 200 day moving average is $1,114.50. The stock has a market capitalization of $70.95 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 2.53 and a beta of 0.93. O'Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,255.40.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the previous year, the business posted $10.72 EPS. The business's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Cowen upped their price target on shares of O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a "buy" rating in a report on Friday, October 25th. Barclays upped their target price on shares of O'Reilly Automotive from $986.00 to $1,088.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Truist Financial upped their target price on shares of O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. 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. Finally, Wells Fargo & Company increased their target price on shares of O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,248.06.

Insider Activity

In other O'Reilly Automotive news, 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 completion of the transaction, the senior vice president now owns 5 shares of the company's stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrea Weiss sold 600 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now owns 700 shares in the company, valued at $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company's stock.

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.