Abbrea Capital LLC Takes Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Abbrea Capital LLC purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 228 shares of the specialty retailer’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in shares of O’Reilly Automotive by 14.5% in the third quarter. Global Retirement Partners LLC now owns 158 shares of the specialty retailer’s stock valued at $142,000 after purchasing an additional 20 shares during the period. Capital Investment Advisors LLC increased its holdings in O’Reilly Automotive by 43.6% during the 3rd quarter. Capital Investment Advisors LLC now owns 435 shares of the specialty retailer’s stock worth $395,000 after acquiring an additional 132 shares during the period. Exchange Traded Concepts LLC increased its holdings in O’Reilly Automotive by 16.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,921 shares of the specialty retailer’s stock worth $1,746,000 after acquiring an additional 276 shares during the period. Private Trust Co. NA increased its holdings in O’Reilly Automotive by 11.4% during the 3rd quarter. Private Trust Co. NA now owns 488 shares of the specialty retailer’s stock worth $444,000 after acquiring an additional 50 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in O’Reilly Automotive during the 3rd quarter worth approximately $127,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the transaction, the chairman now directly owns 205,095 shares in the company, valued at $217,933,947. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the transaction, the chairman now directly owns 205,095 shares in the company, valued at $217,933,947. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the transaction, the chairman now directly owns 216,539 shares in the company, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock worth $27,269,333 over the last three months. 1.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. The Goldman Sachs Group increased their price target on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Evercore ISI dropped their price target on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Mizuho began coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective for the company. Finally, StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,108.94.

O’Reilly Automotive Trading Down 3.5 %

NASDAQ ORLY traded down $38.57 during trading hours on Thursday, hitting $1,054.13. 917,928 shares of the company’s stock traded hands, compared to its average volume of 373,213. The business’s fifty day moving average price is $1,097.21 and its two-hundred day moving average price is $1,014.34. The firm has a market capitalization of $62.23 billion, a P/E ratio of 26.66, a P/E/G ratio of 1.98 and a beta of 0.86. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $8.28 earnings per share. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 42.1 EPS for the current fiscal 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.