Eagle Ridge Investment Management increased its position in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 6.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,613 shares of the specialty retailer’s stock after buying an additional 1,372 shares during the period. Eagle Ridge Investment Management’s holdings in O'Reilly Automotive were worth $6,372,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of ORLY. Smith Moore & CO. increased its stake in shares of O'Reilly Automotive by 0.3% in the fourth quarter. Smith Moore & CO. now owns 1,267 shares of the specialty retailer’s stock valued at $353,000 after buying an additional 4 shares in the last quarter. BTIM Corp. increased its stake in shares of O'Reilly Automotive by 0.3% in the first quarter. BTIM Corp. now owns 8,471 shares of the specialty retailer’s stock valued at $2,286,000 after buying an additional 26 shares in the last quarter. OLD National Bancorp IN increased its stake in shares of O'Reilly Automotive by 2.8% in the first quarter. OLD National Bancorp IN now owns 955 shares of the specialty retailer’s stock valued at $258,000 after buying an additional 26 shares in the last quarter. Cypress Wealth Advisors LLC increased its stake in shares of O'Reilly Automotive by 4.3% in the fourth quarter. Cypress Wealth Advisors LLC now owns 823 shares of the specialty retailer’s stock valued at $229,000 after buying an additional 34 shares in the last quarter. Finally, Whalerock Point Partners LLC increased its stake in shares of O'Reilly Automotive by 1.9% in the fourth quarter. Whalerock Point Partners LLC now owns 1,835 shares of the specialty retailer’s stock valued at $511,000 after buying an additional 35 shares in the last quarter. 89.71% of the stock is owned by institutional investors and hedge funds.
Shares of O'Reilly Automotive Inc (NASDAQ:ORLY) traded up 0.63% during mid-day trading on Friday, hitting $251.36. The stock had a trading volume of 1,212,265 shares. The firm has a 50 day moving average price of $256.09 and a 200-day moving average price of $267.95. O'Reilly Automotive Inc has a 12 month low of $239.12 and a 12 month high of $292.84. The stock has a market cap of $22.88 billion, a P/E ratio of 22.91 and a beta of 0.69.
O'Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, April 26th. The specialty retailer reported $2.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by $0.28. O'Reilly Automotive had a net margin of 12.08% and a return on equity of 57.99%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the firm earned $2.59 earnings per share. O'Reilly Automotive’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that O'Reilly Automotive Inc will post $12.28 EPS for the current year.
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Several research analysts have weighed in on the company. Zacks Investment Research upgraded O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $308.00 price objective on the stock in a research report on Monday, February 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $304.00 price objective (up previously from $296.00) on shares of O'Reilly Automotive in a research report on Thursday, February 9th. Jefferies Group LLC reiterated a “buy” rating and set a $302.00 price objective on shares of O'Reilly Automotive in a research report on Thursday, February 9th. Wedbush reiterated an “outperform” rating and set a $310.00 price objective on shares of O'Reilly Automotive in a research report on Wednesday, February 8th. Finally, Credit Suisse Group AG set a $290.00 price target on O'Reilly Automotive and gave the stock a “buy” rating in a research report on Saturday, March 4th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $306.09.
In other news, Director Lawrence P. Oreilly sold 32,000 shares of O'Reilly Automotive stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $268.73, for a total value of $8,599,360.00. Following the sale, the director now directly owns 145,316 shares of the company’s stock, valued at $39,050,768.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory L. Henslee sold 10,000 shares of O'Reilly Automotive stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $275.00, for a total value of $2,750,000.00. Following the completion of the sale, the chief executive officer now directly owns 32,599 shares in the company, valued at $8,964,725. The disclosure for this sale can be found here. Insiders sold 47,600 shares of company stock worth $12,872,422 over the last 90 days. Company insiders own 3.37% of the company’s stock.
O'Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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