Andra AP fonden increased its position in O’Reilly Automotive Inc (NASDAQ:ORLY) by 17.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,500 shares of the specialty retailer’s stock after purchasing an additional 3,300 shares during the quarter. Andra AP fonden’s holdings in O’Reilly Automotive were worth $7,815,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in ORLY. Morgan Stanley boosted its holdings in O’Reilly Automotive by 100.8% during the second quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock worth $143,236,000 after buying an additional 262,779 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of O’Reilly Automotive by 18,926.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 184,751 shares of the specialty retailer’s stock valued at $673,000 after purchasing an additional 183,780 shares in the last quarter. Summit Trail Advisors LLC raised its position in O’Reilly Automotive by 25,189.5% in the 1st quarter. Summit Trail Advisors LLC now owns 172,980 shares of the specialty retailer’s stock valued at $173,000 after buying an additional 172,296 shares during the last quarter. Waddell & Reed Financial Inc. raised its position in O’Reilly Automotive by 25.1% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 594,457 shares of the specialty retailer’s stock valued at $162,626,000 after buying an additional 119,235 shares during the last quarter. Finally, American Century Companies Inc. raised its position in O’Reilly Automotive by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 1,110,755 shares of the specialty retailer’s stock valued at $303,869,000 after buying an additional 105,794 shares during the last quarter. Hedge funds and other institutional investors own 85.98% of the company’s stock.
ORLY has been the topic of a number of recent research reports. Bank of America reissued a “top pick” rating and issued a $390.00 target price (up previously from $330.00) on shares of O’Reilly Automotive in a research report on Monday, September 17th. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating and set a $335.00 target price on the stock in a research report on Thursday, July 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price target on shares of O’Reilly Automotive in a research report on Friday, July 27th. Oppenheimer boosted their price target on O’Reilly Automotive from $305.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Finally, BidaskClub lowered O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 15th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $340.63.
O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.19. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.49 billion. O’Reilly Automotive had a return on equity of 259.86% and a net margin of 14.09%. Research analysts predict that O’Reilly Automotive Inc will post 16.1 EPS for the current fiscal year.
In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,161 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $331.00, for a total value of $384,291.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 400 shares of the stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $331.28, for a total value of $132,512.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,561 shares of company stock valued at $21,711,903. 3.12% of the stock is owned by corporate insiders.
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About O’Reilly Automotive
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.
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