Wedge Capital Management L L P NC increased its holdings in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 12.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,791 shares of the specialty retailer’s stock after buying an additional 12,678 shares during the quarter. Wedge Capital Management L L P NC owned about 0.15% of O’Reilly Automotive worth $42,395,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth about $26,000. Squar Milner Financial Services LLC increased its position in shares of O’Reilly Automotive by 80.5% during the second quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 33 shares in the last quarter. Shine Investment Advisory Services Inc. increased its position in shares of O’Reilly Automotive by 65.4% during the second quarter. Shine Investment Advisory Services Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 34 shares in the last quarter. Paragon Capital Management LLC bought a new stake in shares of O’Reilly Automotive during the first quarter worth about $39,000. Finally, Hall Laurie J Trustee bought a new stake in shares of O’Reilly Automotive during the first quarter worth about $47,000. Hedge funds and other institutional investors own 85.49% of the company’s stock.
ORLY has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of O’Reilly Automotive from a “hold” rating to a “sell” rating and set a $427.00 price objective for the company. in a research report on Friday, July 19th. Northcoast Research downgraded shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating in a research report on Thursday, June 27th. Morgan Stanley upped their price target on shares of O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Goldman Sachs Group assumed coverage on shares of O’Reilly Automotive in a research note on Thursday, July 11th. They set a “buy” rating and a $440.00 price target on the stock. Finally, Royal Bank of Canada set a $428.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $410.00.
In related news, SVP Jeffrey Alan Lauro purchased 150 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $368.33 per share, with a total value of $55,249.50. Following the acquisition, the senior vice president now directly owns 422 shares of the company’s stock, valued at $155,435.26. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Raymond Murphy sold 528 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $361.05, for a total transaction of $190,634.40. The disclosure for this sale can be found here. Corporate insiders own 2.52% of the company’s stock.
NASDAQ ORLY traded up $2.79 on Tuesday, hitting $373.63. The stock had a trading volume of 45,774 shares, compared to its average volume of 670,082. O’Reilly Automotive Inc has a 52-week low of $314.08 and a 52-week high of $414.63. The company has a quick ratio of 0.10, a current ratio of 0.85 and a debt-to-equity ratio of 37.43. The company has a market capitalization of $29.66 billion, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73. The business has a 50-day moving average of $384.04.
O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $4.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.67 by ($0.16). O’Reilly Automotive had a return on equity of 391.89% and a net margin of 13.69%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the company earned $4.28 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts expect that O’Reilly Automotive Inc will post 17.54 EPS for the current year.
O’Reilly Automotive Company Profile
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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