O’Reilly Automotive, Inc. $ORLY Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 49.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 882,175 shares of the specialty retailer’s stock after purchasing an additional 293,646 shares during the quarter. Quantinno Capital Management LP’s holdings in O’Reilly Automotive were worth $81,434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of O’Reilly Automotive during the 4th quarter worth about $1,134,311,000. Akre Capital Management LLC raised its position in shares of O’Reilly Automotive by 989.3% during the 2nd quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer’s stock worth $848,188,000 after acquiring an additional 8,546,804 shares in the last quarter. Wellington Management Group LLP raised its position in shares of O’Reilly Automotive by 25.1% during the 4th quarter. Wellington Management Group LLP now owns 14,755,276 shares of the specialty retailer’s stock worth $1,345,829,000 after acquiring an additional 2,964,945 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of O’Reilly Automotive by 1,316.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,027,830 shares of the specialty retailer’s stock worth $272,871,000 after acquiring an additional 2,814,071 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in O’Reilly Automotive by 1,277.3% during the second quarter. Raymond James Financial Inc. now owns 2,346,977 shares of the specialty retailer’s stock worth $211,533,000 after purchasing an additional 2,176,568 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Philip M. Hopper sold 3,700 shares of O’Reilly Automotive stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $94.60, for a total value of $350,020.00. Following the transaction, the senior vice president directly owned 4,888 shares of the company’s stock, valued at $462,404.80. The trade was a 43.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Robert Allen Dumas sold 84,600 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $92.60, for a total transaction of $7,833,960.00. Following the completion of the sale, the senior vice president owned 1,782 shares of the company’s stock, valued at approximately $165,013.20. This trade represents a 97.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 105,730 shares of company stock valued at $9,815,388 in the last 90 days. Company insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORLY. UBS Group upped their price target on O’Reilly Automotive from $114.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 1st. DA Davidson set a $114.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Mizuho upped their target price on shares of O’Reilly Automotive from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Wells Fargo & Company set a $100.00 target price on shares of O’Reilly Automotive in a research report on Friday. Finally, TD Cowen reiterated a “buy” rating and set a $117.00 price target (up from $115.00) on shares of O’Reilly Automotive in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.22.

O’Reilly Automotive Stock Up 0.6%

Shares of NASDAQ ORLY opened at $91.17 on Wednesday. The stock has a market cap of $75.55 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. O’Reilly Automotive, Inc. has a 52-week low of $82.59 and a 52-week high of $108.71. The business has a 50-day moving average price of $88.35 and a 200 day moving average price of $91.75.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, April 29th. The specialty retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.46 billion. O’Reilly Automotive had a negative return on equity of 263.22% and a net margin of 14.30%.The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.35 earnings per share. Sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 3.24 earnings per share for the current year.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.