O’Reilly Automotive Inc (ORLY) Position Raised by First Trust Advisors LP

First Trust Advisors LP boosted its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 11.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,946 shares of the specialty retailer’s stock after purchasing an additional 4,652 shares during the quarter. First Trust Advisors LP’s holdings in O’Reilly Automotive were worth $15,263,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in ORLY. Morgan Stanley grew its holdings in O’Reilly Automotive by 100.8% in the second quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock valued at $143,236,000 after purchasing an additional 262,779 shares during the period. Cornerstone Wealth Management LLC grew its holdings in O’Reilly Automotive by 18,926.9% in the second quarter. Cornerstone Wealth Management LLC now owns 184,751 shares of the specialty retailer’s stock valued at $673,000 after purchasing an additional 183,780 shares during the period. Waddell & Reed Financial Inc. grew its holdings in O’Reilly Automotive by 25.1% in the second quarter. Waddell & Reed Financial Inc. now owns 594,457 shares of the specialty retailer’s stock valued at $162,626,000 after purchasing an additional 119,235 shares during the period. American Century Companies Inc. grew its holdings in O’Reilly Automotive by 10.5% in the second quarter. American Century Companies Inc. now owns 1,110,755 shares of the specialty retailer’s stock valued at $303,869,000 after purchasing an additional 105,794 shares during the period. Finally, Glenmede Trust Co. NA grew its holdings in O’Reilly Automotive by 690.3% in the second quarter. Glenmede Trust Co. NA now owns 119,594 shares of the specialty retailer’s stock valued at $32,718,000 after purchasing an additional 104,461 shares during the period. Hedge funds and other institutional investors own 85.98% of the company’s stock.

ORLY has been the subject of a number of recent analyst reports. Oppenheimer boosted their target price on shares of O’Reilly Automotive from $305.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Royal Bank of Canada boosted their target price on shares of O’Reilly Automotive to $335.00 and gave the company an “outperform” rating in a report on Friday, July 27th. Morgan Stanley boosted their target price on shares of O’Reilly Automotive from $345.00 to $355.00 and gave the company an “equal weight” rating in a report on Tuesday. BidaskClub upgraded shares of O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 11th. Finally, JPMorgan Chase & Co. upgraded shares of O’Reilly Automotive from a “neutral” rating to an “overweight” rating and set a $398.00 target price for the company in a report on Friday, October 19th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $340.63.

ORLY opened at $354.74 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.91 and a debt-to-equity ratio of 6.37. O’Reilly Automotive Inc has a 52-week low of $210.04 and a 52-week high of $356.26. The company has a market cap of $26.87 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 1.32 and a beta of 1.07.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.19. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.49 billion. On average, research analysts predict that O’Reilly Automotive Inc will post 16.1 earnings per share for the current fiscal year.

In other news, SVP Scott E. Kraus sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $325.00, for a total value of $1,625,000.00. Following the completion of the transaction, the senior vice president now directly owns 6,479 shares in the company, valued at $2,105,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David E. Oreilly sold 27,500 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $320.78, for a total transaction of $8,821,450.00. Following the completion of the transaction, the chairman now owns 114,815 shares of the company’s stock, valued at $36,830,355.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,561 shares of company stock valued at $21,711,903. 3.12% of the stock is owned by insiders.

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About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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