O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,857 shares of the specialty retailer’s stock after acquiring an additional 925 shares during the quarter. Janney Montgomery Scott LLC’s holdings in O’Reilly Automotive were worth $23,545,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Groesbeck Investment Management Corp NJ increased its holdings in shares of O’Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after purchasing an additional 10 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of O’Reilly Automotive by 3.9% in the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock valued at $251,000 after purchasing an additional 10 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of O’Reilly Automotive by 1.4% in the first quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock valued at $820,000 after purchasing an additional 10 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of O’Reilly Automotive by 2.4% in the third quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock valued at $418,000 after purchasing an additional 11 shares during the last quarter. Finally, Atlas Brown Inc. increased its holdings in shares of O’Reilly Automotive by 2.8% in the fourth quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer’s stock valued at $380,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ORLY shares. Evercore ISI lowered their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating for the company in a research report on Tuesday. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Wells Fargo & Company lowered their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Mizuho initiated coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective for the company. Finally, UBS Group raised their price target on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,116.93.

O’Reilly Automotive Stock Up 0.6 %

O’Reilly Automotive stock traded up $6.28 during midday trading on Friday, reaching $1,026.82. The company’s stock had a trading volume of 305,008 shares, compared to its average volume of 427,969. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The company has a market cap of $60.47 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.88 and a beta of 0.92. The business has a 50-day simple moving average of $1,011.95 and a 200-day simple moving average of $1,035.58.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the firm earned $8.28 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 41.86 earnings per share for the current year.

Insider Transactions at O’Reilly Automotive

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the transaction, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

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.