Oppenheimer Asset Management Inc. Purchases 436 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Oppenheimer Asset Management Inc. grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,818 shares of the specialty retailer’s stock after purchasing an additional 436 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in O’Reilly Automotive were worth $10,155,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Avantax Advisory Services Inc. grew its holdings in O’Reilly Automotive by 6.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,384 shares of the specialty retailer’s stock valued at $1,562,000 after buying an additional 80 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in O’Reilly Automotive by 2.5% in the 1st quarter. Bleakley Financial Group LLC now owns 1,150 shares of the specialty retailer’s stock valued at $1,298,000 after purchasing an additional 28 shares during the period. HBK Sorce Advisory LLC grew its position in shares of O’Reilly Automotive by 9.7% during the 1st quarter. HBK Sorce Advisory LLC now owns 462 shares of the specialty retailer’s stock valued at $522,000 after purchasing an additional 41 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of O’Reilly Automotive in the first quarter worth $254,000. Finally, Lord Abbett & CO. LLC bought a new position in shares of O’Reilly Automotive in the first quarter worth $36,176,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the sale, the director now directly owns 141,589 shares of the company’s stock, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,322 shares of company stock worth $18,280,698. 1.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ORLY shares. Roth Mkm restated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. DA Davidson reissued a “buy” rating and set a $1,275.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. Wells Fargo & Company raised their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Evercore ISI lifted their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Trading Up 0.2 %

NASDAQ ORLY opened at $1,238.78 on Thursday. The firm has a market cap of $71.51 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,252.54. The stock has a 50-day moving average of $1,165.19 and a 200-day moving average of $1,091.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same period last year, the company posted $10.72 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 40.81 earnings per share for the current fiscal year.

O’Reilly Automotive Profile

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.