Huntington National Bank Increases Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Huntington National Bank raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 25.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,117 shares of the specialty retailer’s stock after buying an additional 13,783 shares during the quarter. Huntington National Bank owned about 0.12% of O’Reilly Automotive worth $78,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ORLY. Trifecta Capital Advisors LLC grew its holdings in shares of O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. Princeton Global Asset Management LLC purchased a new position in O’Reilly Automotive during the third quarter worth $41,000. Crewe Advisors LLC purchased a new position in O’Reilly Automotive during the first quarter worth $43,000. Kings Path Partners LLC purchased a new position in O’Reilly Automotive during the second quarter worth $44,000. Finally, ORG Partners LLC purchased a new position in O’Reilly Automotive during the second quarter worth $48,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Trading Up 0.2 %

NASDAQ ORLY opened at $1,238.78 on Thursday. The stock has a market cap of $71.51 billion, a PE ratio of 30.65, a P/E/G ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,252.54. The stock has a fifty day simple moving average of $1,165.19 and a 200-day simple moving average of $1,091.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.72 earnings per share. Research analysts predict that O’Reilly Automotive, Inc. will post 40.81 EPS for the current year.

Insider Buying and Selling

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman David E. Oreilly sold 1,000 shares of the stock in a transaction dated Monday, August 19th. The shares were 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 directly owns 183,583 shares in the company, valued at $205,407,347.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,322 shares of company stock valued at $18,280,698. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research analyst reports. Barclays lifted their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. DA Davidson restated a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Evercore ISI lifted their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, UBS Group decreased their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Four investment 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,242.13.

O’Reilly Automotive Company 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.