Segall Bryant & Hamill LLC Raises Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Segall Bryant & Hamill LLC increased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 51.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,713 shares of the specialty retailer's stock after purchasing an additional 7,340 shares during the quarter. Segall Bryant & Hamill LLC's holdings in O'Reilly Automotive were worth $25,005,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in O'Reilly Automotive by 3.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer's stock worth $1,954,404,000 after purchasing an additional 57,194 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of O'Reilly Automotive by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer's stock worth $1,505,649,000 after buying an additional 19,211 shares in the last quarter. International Assets Investment Management LLC raised its position in 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 buying an additional 853,633 shares during the last quarter. Legal & General Group Plc lifted its stake in O'Reilly Automotive by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer's stock valued at $524,629,000 after acquiring an additional 24,767 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in O'Reilly Automotive by 10,626.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock valued at $5,393,000 after acquiring an additional 482,670 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the business's stock in a transaction that occurred on 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.18% of the stock is currently owned by company insiders.

O'Reilly Automotive Stock Down 1.2 %

Shares of ORLY traded down $14.53 during midday trading on Wednesday, hitting $1,186.06. The company's stock had a trading volume of 103,285 shares, compared to its average volume of 374,006. O'Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,255.30. The company's fifty day simple moving average is $1,174.11 and its two-hundred day simple moving average is $1,098.28. The stock has a market capitalization of $68.47 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 2.46 and a beta of 0.92.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Roth Mkm restated a "buy" rating and set a $1,337.00 price objective on shares of O'Reilly Automotive in a research note on Wednesday, October 16th. TD Cowen lifted their target price on 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. Barclays raised their target price on shares of O'Reilly Automotive from $986.00 to $1,088.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, Roth Capital raised shares of O'Reilly Automotive to a "strong-buy" rating in a research note on Tuesday, October 15th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, O'Reilly Automotive presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,242.13.

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.