O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Brooklyn Investment Group

Brooklyn Investment Group lifted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 16.0% in the third quarter, Holdings Channel reports. The firm owned 564 shares of the specialty retailer’s stock after buying an additional 78 shares during the period. Brooklyn Investment Group’s holdings in O’Reilly Automotive were worth $650,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in shares of O’Reilly Automotive by 3.2% during the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after acquiring an additional 57,194 shares in the last quarter. Bank of New York Mellon Corp grew its position in O’Reilly Automotive by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock worth $1,505,649,000 after purchasing an additional 19,211 shares during the last quarter. International Assets Investment Management LLC increased its stake in 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 purchasing an additional 853,633 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in O’Reilly Automotive by 28.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after purchasing an additional 133,139 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of O’Reilly Automotive by 5.2% in the second quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock worth $524,629,000 after buying an additional 24,767 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Trading Up 0.9 %

NASDAQ:ORLY opened at $1,238.76 on Tuesday. The firm has a market cap of $71.51 billion, a P/E ratio of 30.65, a PEG ratio of 2.49 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.30. The stock’s 50 day simple moving average is $1,181.53 and its 200-day simple moving average is $1,103.72.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the company posted $10.72 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Bank of America boosted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. DA Davidson restated a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Finally, Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

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.