Cerity Partners LLC Has $19.21 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Cerity Partners LLC boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 53.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,678 shares of the specialty retailer’s stock after purchasing an additional 5,774 shares during the quarter. Cerity Partners LLC’s holdings in O’Reilly Automotive were worth $19,207,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ORLY. Asset Dedication LLC raised its position in shares of O’Reilly Automotive by 6.2% during the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after buying an additional 9 shares during the last quarter. Marks Group Wealth Management Inc increased its stake in O’Reilly Automotive by 1.5% during the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock valued at $697,000 after acquiring an additional 9 shares during the period. Venturi Wealth Management LLC raised its holdings in O’Reilly Automotive by 8.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after acquiring an additional 9 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of O’Reilly Automotive by 0.5% in the 3rd quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock worth $2,145,000 after acquiring an additional 9 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its position in shares of O’Reilly Automotive by 2.6% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after acquiring an additional 10 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ORLY. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Wedbush restated a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on shares of 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. JPMorgan Chase & Co. increased their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley lifted 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 report on Thursday, October 24th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,242.13.

O’Reilly Automotive Stock Up 1.9 %

Shares of NASDAQ ORLY opened at $1,227.37 on Monday. The company has a market cap of $70.86 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 2.49 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.30. The firm’s 50-day simple moving average is $1,179.37 and its 200 day simple moving average is $1,102.25.

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 company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $10.72 earnings per share. On average, equities analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current 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.