Wendell David Associates Inc. purchased a new stake in O’Reilly Automotive Inc (NASDAQ:ORLY) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 800 shares of the specialty retailer’s stock, valued at approximately $311,000.
Several other hedge funds have also added to or reduced their stakes in ORLY. Virtus ETF Advisers LLC acquired a new position in shares of O’Reilly Automotive in the fourth quarter valued at about $25,000. Berman Capital Advisors LLC acquired a new position in shares of O’Reilly Automotive in the fourth quarter valued at about $31,000. CNB Bank acquired a new position in shares of O’Reilly Automotive in the fourth quarter valued at about $35,000. CX Institutional acquired a new position in shares of O’Reilly Automotive in the first quarter valued at about $35,000. Finally, Capital Investment Advisory Services LLC bought a new stake in O’Reilly Automotive during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 86.68% of the company’s stock.
Several equities research analysts recently weighed in on ORLY shares. Raymond James set a $408.00 price objective on shares of O’Reilly Automotive and gave the stock a “strong-buy” rating in a research report on Friday, December 14th. Zacks Investment Research cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Wednesday, December 19th. Oppenheimer reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Thursday, December 20th. BidaskClub raised shares of O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 27th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $318.00 price objective on shares of O’Reilly Automotive in a research report on Tuesday, February 5th. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $366.71.
O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.04). The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $2.90 EPS. As a group, equities analysts predict that O’Reilly Automotive Inc will post 17.78 EPS for the current fiscal year.
In other news, COO Jeff M. Shaw sold 2,758 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $395.00, for a total value of $1,089,410.00. Following the completion of the transaction, the chief operating officer now owns 26,992 shares of the company’s stock, valued at $10,661,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David E. Oreilly sold 34,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $375.48, for a total transaction of $12,766,320.00. The disclosure for this sale can be found here. Insiders sold 119,273 shares of company stock valued at $44,907,567 in the last three months. Company insiders own 2.52% of the company’s stock.
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About O’Reilly Automotive
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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