J. W. Coons Advisors LLC Buys 10 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

J. W. Coons Advisors LLC grew its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.6% in the third quarter, HoldingsChannel.com reports. The fund owned 389 shares of the specialty retailer’s stock after acquiring an additional 10 shares during the period. J. W. Coons Advisors LLC’s holdings in O’Reilly Automotive were worth $448,000 at the end of the most recent quarter.

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

O’Reilly Automotive Stock Down 0.9 %

ORLY stock opened at $1,213.37 on Monday. The company has a market cap of $70.05 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.46 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30. The business has a 50-day simple moving average of $1,170.83 and a 200 day simple moving average of $1,095.48.

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 the consensus estimate of $11.53 by ($0.12). The business had revenue of $4.36 billion during 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 business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $10.72 earnings per share. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’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 Securities & Exchange Commission, which is available at this link. Insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ORLY. TD Cowen increased their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley upped their price objective on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Four 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 company. According to data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average target price of $1,242.13.

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.