Bank of Montreal Can Has $117.59 Million Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Bank of Montreal Can lessened its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 102,606 shares of the specialty retailer’s stock after selling 3,449 shares during the quarter. Bank of Montreal Can owned approximately 0.18% of O’Reilly Automotive worth $117,590,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ORLY. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive during the 3rd quarter worth about $32,000. Trifecta Capital Advisors LLC boosted its position in shares of 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. MidAtlantic Capital Management Inc. acquired a new stake in O’Reilly Automotive during the third quarter worth approximately $37,000. Princeton Global Asset Management LLC bought a new stake in O’Reilly Automotive in the third quarter worth approximately $41,000. Finally, Kings Path Partners LLC acquired a new position in O’Reilly Automotive in the second quarter valued at approximately $44,000. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 0.4 %

NASDAQ ORLY opened at $1,244.22 on Wednesday. The company has a market capitalization of $71.83 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,255.30. The stock’s 50-day simple moving average is $1,183.85 and its two-hundred day simple moving average is $1,105.30.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on ORLY. JPMorgan Chase & Co. raised their price objective 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. Roth Mkm restated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. TD Cowen boosted their target price 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. Finally, Bank of America upped their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

Insider Buying and Selling

In related news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now directly owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

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.