Overbrook Management Corp Purchases 467 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Overbrook Management Corp boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.1% in the third quarter, Holdings Channel reports. The fund owned 9,676 shares of the specialty retailer’s stock after acquiring an additional 467 shares during the period. O’Reilly Automotive accounts for 2.6% of Overbrook Management Corp’s investment portfolio, making the stock its 17th biggest holding. Overbrook Management Corp’s holdings in O’Reilly Automotive were worth $11,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bank Pictet & Cie Asia Ltd. bought a new stake in O’Reilly Automotive during the 2nd quarter valued at approximately $800,000. Handelsbanken Fonder AB lifted its holdings in shares of O’Reilly Automotive by 2.5% during the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock worth $34,507,000 after buying an additional 727 shares during the last quarter. Assetmark Inc. boosted its position in shares of O’Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after acquiring an additional 3,193 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of O’Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock worth $15,458,000 after acquiring an additional 6,954 shares during the last quarter. Finally, Marshfield Associates grew its stake in shares of O’Reilly Automotive by 0.6% in the second quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock worth $319,866,000 after acquiring an additional 1,718 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Down 1.0 %

Shares of ORLY stock opened at $1,188.87 on Thursday. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.30. The company has a market capitalization of $68.63 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.44 and a beta of 0.92. The firm has a 50-day moving average price of $1,175.63 and a 200 day moving average price of $1,098.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results 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 negative return on equity of 155.25% and a net margin of 14.52%. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the firm posted $10.72 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ORLY. Royal Bank of Canada increased their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Roth Mkm restated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. TD Cowen raised their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Bank of America raised their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.