Fortis Capital Management LLC Boosts Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Fortis Capital Management LLC grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 80.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,355 shares of the specialty retailer’s stock after purchasing an additional 1,937 shares during the period. O’Reilly Automotive comprises approximately 1.0% of Fortis Capital Management LLC’s holdings, making the stock its 23rd largest holding. Fortis Capital Management LLC’s holdings in O’Reilly Automotive were worth $5,015,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ORLY. Trifecta Capital Advisors LLC raised its position in O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of O’Reilly Automotive during the third quarter valued at $41,000. Crewe Advisors LLC bought a new stake in shares of O’Reilly Automotive in the first quarter valued at about $43,000. Kings Path Partners LLC purchased a new stake in O’Reilly Automotive in the second quarter worth about $44,000. Finally, ORG Partners LLC bought a new position in O’Reilly Automotive during the 2nd quarter worth about $48,000. 85.00% of the stock is currently owned by institutional investors.

Insider Activity at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,322 shares of company stock worth $18,280,698 in the last 90 days. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Trading Up 0.2 %

O’Reilly Automotive stock opened at $1,238.78 on Thursday. The firm has a market cap of $71.51 billion, a PE ratio of 30.65, a P/E/G ratio of 2.51 and a beta of 0.92. The stock’s 50 day simple moving average is $1,165.19 and its two-hundred day simple moving average is $1,091.11. O’Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,252.54.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.72 EPS. On average, equities research analysts forecast that O’Reilly Automotive, Inc. will post 40.81 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORLY. UBS Group lowered their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Royal Bank of Canada raised their price objective on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley boosted their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Wedbush restated a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, Barclays boosted their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.