Eaton Vance Management Grows Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Eaton Vance Management grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,264 shares of the specialty retailer’s stock after buying an additional 174 shares during the period. Eaton Vance Management owned 0.27% of O’Reilly Automotive worth $95,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ORLY. Concord Wealth Partners purchased a new stake in O’Reilly Automotive during the 4th quarter worth about $25,000. Childress Capital Advisors LLC purchased a new stake in O’Reilly Automotive during the 4th quarter worth about $27,000. Harvest Fund Management Co. Ltd purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $35,000. Pinnacle Bancorp Inc. purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at about $36,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at about $43,000. 79.38% of the stock is owned by institutional investors.

ORLY stock opened at $604.39 on Thursday. The firm has a market cap of $42.16 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 1.78 and a beta of 1.09. The company has a current ratio of 0.79, a quick ratio of 0.18 and a debt-to-equity ratio of 29.40. The business’s fifty day moving average price is $555.93. O’Reilly Automotive, Inc. has a 52 week low of $424.03 and a 52 week high of $612.60.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Tuesday, April 27th. The specialty retailer reported $7.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $1.59. O’Reilly Automotive had a return on equity of 545.81% and a net margin of 15.99%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm earned $3.97 EPS. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 25.55 earnings per share for the current year.

Several analysts have recently weighed in on ORLY shares. Morgan Stanley boosted their target price on O’Reilly Automotive from $560.00 to $575.00 and gave the company an “overweight” rating in a report on Thursday, April 29th. Wedbush boosted their price target on O’Reilly Automotive from $460.00 to $540.00 and gave the company a “neutral” rating in a research report on Thursday, April 29th. Stephens boosted their target price on O’Reilly Automotive from $530.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, March 26th. Royal Bank of Canada boosted their target price on O’Reilly Automotive from $578.00 to $595.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 27th. Finally, TheStreet upgraded O’Reilly Automotive from a “c+” rating to a “b-” rating in a report on Friday, March 26th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $548.56.

In other news, COO Jeff M. Shaw sold 5,974 shares of the firm’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $550.33, for a total transaction of $3,287,671.42. Following the completion of the sale, the chief operating officer now directly owns 29,379 shares in the company, valued at $16,168,145.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David E. Oreilly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 4th. The shares were sold at an average price of $556.00, for a total value of $2,780,000.00. Following the sale, the chairman now owns 102,384 shares of the company’s stock, valued at $56,925,504. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,077 shares of company stock valued at $40,921,129. 2.11% of the stock is owned by insiders.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. 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.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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