BTC Capital Management Inc. increased its stake in O’Reilly Automotive Inc. (NASDAQ:ORLY) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 15,310 shares of the company’s stock after buying an additional 207 shares during the period. BTC Capital Management Inc.’s holdings in O’Reilly Automotive were worth $4,155,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of O’Reilly Automotive by 98.1% in the first quarter. Wellington Management Group LLP now owns 672,115 shares of the company’s stock valued at $183,930,000 after buying an additional 332,895 shares in the last quarter. Simmons Bank acquired a new position in O’Reilly Automotive during the first quarter valued at $56,809,000. Old Mutual Global Investors UK Ltd. increased its position in O’Reilly Automotive by 101.3% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 255,437 shares of the company’s stock valued at $69,248,000 after buying an additional 128,542 shares during the last quarter. Bank of Montreal Can acquired a new position in O’Reilly Automotive during the second quarter valued at $33,666,000. Finally, Samlyn Capital LLC acquired a new position in O’Reilly Automotive during the first quarter valued at $31,328,000. 89.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) traded down 0.05% during midday trading on Wednesday, hitting $277.94. 553,923 shares of the stock were exchanged. The firm has a market cap of $26.38 billion, a PE ratio of 27.63 and a beta of 0.74. The firm’s 50-day moving average is $278.77 and its 200 day moving average is $273.48. O’Reilly Automotive Inc. has a 52-week low of $225.12 and a 52-week high of $292.84.
O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 27th. The company reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by $0.03. O’Reilly Automotive had a return on equity of 52.57% and a net margin of 12.02%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the business posted $2.29 EPS. O’Reilly Automotive’s revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that O’Reilly Automotive Inc. will post $10.74 earnings per share for the current year.
ORLY has been the subject of several recent research reports. Wedbush reiterated an “outperform” rating and issued a $280.00 target price on shares of O’Reilly Automotive in a research note on Thursday, July 28th. Jefferies Group lifted their target price on shares of O’Reilly Automotive from $325.00 to $336.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Vetr downgraded shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating and set a $301.89 target price for the company. in a research note on Tuesday, June 28th. Deutsche Bank AG lifted their target price on shares of O’Reilly Automotive from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Susquehanna initiated coverage on shares of O’Reilly Automotive in a research note on Thursday, August 25th. They issued a “positive” rating and a $343.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $303.47.
In other O’Reilly Automotive news, Director Paul R. Lederer sold 100 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $283.00, for a total transaction of $28,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rosalie Oreilly Wooten sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $290.20, for a total transaction of $2,902,000.00. Following the sale, the director now directly owns 154,092 shares of the company’s stock, valued at $44,717,498.40. The disclosure for this sale can be found here. Company insiders own 3.37% of the company’s stock.
About O’Reilly Automotive
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ 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 and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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