Massachusetts Financial Services Co. MA Increases Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Massachusetts Financial Services Co. MA increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 28.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 601,612 shares of the specialty retailer’s stock after acquiring an additional 133,139 shares during the period. Massachusetts Financial Services Co. MA’s holdings in O’Reilly Automotive were worth $692,816,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its stake in shares of O’Reilly Automotive by 99,957.0% during 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 buying an additional 853,633 shares during the period. Mizuho Securities USA LLC grew its position in O’Reilly Automotive by 10,626.8% during the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after acquiring an additional 482,670 shares during the period. Marshall Wace LLP increased its stake in O’Reilly Automotive by 809.8% during the second quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock worth $96,078,000 after acquiring an additional 80,978 shares during the last quarter. Swedbank AB acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at about $73,661,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of O’Reilly Automotive during the 2nd quarter worth about $63,793,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORLY has been the topic of several research reports. DA Davidson restated a “buy” rating and issued a $1,275.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Barclays increased their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Four 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

Insiders Place Their Bets

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 accessible through this link. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Up 1.3 %

NASDAQ:ORLY opened at $1,204.61 on Friday. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30. The company has a market cap of $69.54 billion, a PE ratio of 29.80, a P/E/G ratio of 2.44 and a beta of 0.92. The business’s 50 day moving average is $1,177.33 and its two-hundred day moving average is $1,099.65.

O’Reilly Automotive (NASDAQ:ORLY) last issued its 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). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the company posted $10.72 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

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.