SpiderRock Advisors LLC Invests $1.23 Million in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

SpiderRock Advisors LLC bought a new position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,063 shares of the specialty retailer's stock, valued at approximately $1,225,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake 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 acquiring an additional 853,633 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of O'Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer's stock worth $1,180,259,000 after purchasing an additional 376,167 shares in the last quarter. CCLA Investment Management acquired a new position in O'Reilly Automotive during the first quarter worth $95,481,000. Marshall Wace LLP grew its position in O'Reilly Automotive by 809.8% in the second 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. increased its stake in 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 buying an additional 75,837 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on 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. Barclays boosted their price objective 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. DA Davidson reiterated a "buy" rating and issued a $1,275.00 target price on shares of O'Reilly Automotive in a research note on Thursday, October 24th. Roth Capital raised O'Reilly Automotive to a "strong-buy" rating in a report on Tuesday, October 15th. Finally, Morgan Stanley lifted their price objective on shares of O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,242.13.

Insider Activity

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other O'Reilly Automotive news, 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 value of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company's stock, valued at approximately $205,407,347.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O'Reilly Automotive stock in a transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 16,322 shares of company stock valued at $18,280,698. 1.55% of the stock is currently owned by corporate insiders.

O'Reilly Automotive Stock Performance

Shares of O'Reilly Automotive stock traded up $8.08 during trading on Monday, reaching $1,225.78. 176,344 shares of the company's stock were exchanged, compared to its average volume of 374,729. The firm's 50-day moving average price is $1,161.22 and its 200 day moving average price is $1,088.52. The company has a market cap of $71.11 billion, a P/E ratio of 30.13, a PEG ratio of 2.47 and a beta of 0.92. O'Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,241.29.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its 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). 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 during the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the company posted $10.72 EPS. The firm's revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts predict that O'Reilly Automotive, Inc. will post 40.81 EPS for the current year.

O'Reilly Automotive 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.