Resources Management Corp CT ADV Makes New $2.66 Million Investment in O’Reilly Automotive Inc (NASDAQ:ORLY)

Resources Management Corp CT ADV purchased a new stake in O’Reilly Automotive Inc (NASDAQ:ORLY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,665 shares of the specialty retailer’s stock, valued at approximately $2,656,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORLY. Prime Capital Investment Advisors LLC boosted its stake in shares of O’Reilly Automotive by 15.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,130 shares of the specialty retailer’s stock worth $849,000 after buying an additional 280 shares during the last quarter. National Pension Service raised its holdings in O’Reilly Automotive by 4.8% during the second quarter. National Pension Service now owns 111,202 shares of the specialty retailer’s stock worth $41,069,000 after acquiring an additional 5,141 shares in the last quarter. Pennsylvania Trust Co acquired a new position in O’Reilly Automotive during the third quarter valued at approximately $213,000. CNB Bank boosted its position in O’Reilly Automotive by 107.5% during the third quarter. CNB Bank now owns 440 shares of the specialty retailer’s stock valued at $175,000 after purchasing an additional 228 shares during the last quarter. Finally, Profund Advisors LLC grew its stake in O’Reilly Automotive by 11.8% in the second quarter. Profund Advisors LLC now owns 7,144 shares of the specialty retailer’s stock valued at $2,638,000 after purchasing an additional 753 shares in the last quarter. 83.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ORLY traded up $3.45 during mid-day trading on Wednesday, reaching $442.09. The company’s stock had a trading volume of 384,258 shares, compared to its average volume of 597,618. The company has a current ratio of 0.81, a quick ratio of 0.08 and a debt-to-equity ratio of 32.16. O’Reilly Automotive Inc has a 1-year low of $326.71 and a 1-year high of $454.31. The business has a 50-day simple moving average of $432.73 and a two-hundred day simple moving average of $396.05. The stock has a market cap of $33.46 billion, a P/E ratio of 27.46, a PEG ratio of 1.74 and a beta of 0.69.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $5.08 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $0.29. O’Reilly Automotive had a return on equity of 527.13% and a net margin of 13.69%. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the firm earned $4.50 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Research analysts anticipate that O’Reilly Automotive Inc will post 17.9 EPS for the current year.

Several research analysts have weighed in on ORLY shares. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating and set a $425.00 price target on the stock in a research report on Monday, October 14th. Goldman Sachs Group set a $479.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a report on Friday, October 25th. Morgan Stanley raised their target price on shares of O’Reilly Automotive from $400.00 to $430.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. BidaskClub downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, UBS Group set a $495.00 target price on shares of O’Reilly Automotive and gave the stock a “buy” rating in a report on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $489.53.

In related news, SVP Jonathan Wyatt Andrews sold 6,250 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $440.51, for a total value of $2,753,187.50. Following the completion of the sale, the senior vice president now directly owns 6,756 shares in the company, valued at approximately $2,976,085.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Scott E. Kraus sold 5,000 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $435.00, for a total value of $2,175,000.00. Following the completion of the sale, the senior vice president now owns 6,502 shares of the company’s stock, valued at $2,828,370. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,652 shares of company stock worth $34,085,063. 2.52% of the stock is owned by company insiders.

O’Reilly Automotive 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.

Recommended Story: Municipal Bonds

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive Inc (NASDAQ:ORLY).

Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.