Mainstream Capital Management LLC Makes New $896,000 Investment in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Mainstream Capital Management LLC bought a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 778 shares of the specialty retailer’s stock, valued at approximately $896,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ORLY. Asset Dedication LLC raised its stake 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 acquiring an additional 9 shares during the last quarter. Marks Group Wealth Management Inc raised its stake in shares of 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 last quarter. Industrial Alliance Investment Management Inc. raised its stake in shares of O’Reilly Automotive by 2.6% during the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after acquiring an additional 10 shares during the last quarter. Marcum Wealth LLC increased its position in shares of O’Reilly Automotive by 5.1% during the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after buying an additional 10 shares during the period. Finally, Ausdal Financial Partners Inc. increased its position in shares of O’Reilly Automotive by 2.9% during the second quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ORLY shares. Morgan Stanley increased their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada increased their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wedbush reiterated a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Finally, Evercore ISI increased their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,214.51 on Friday. The company has a 50-day moving average price of $1,157.95 and a 200-day moving average price of $1,086.81. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,239.65. The stock has a market capitalization of $70.45 billion, a P/E ratio of 30.05, a P/E/G ratio of 2.35 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly 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 firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the business earned $10.72 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 40.82 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related 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 transaction of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive 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 accessible through this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of O’Reilly Automotive stock in a transaction dated 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 completion of the sale, the director now directly owns 141,589 shares in the company, valued at approximately $158,511,717.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,322 shares of company stock valued at $18,280,698 over the last ninety days. Corporate insiders own 1.18% of the company’s stock.

O’Reilly Automotive Company 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.