Quarry LP Has $97,000 Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Quarry LP lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 109.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92 shares of the specialty retailer’s stock after buying an additional 48 shares during the period. Quarry LP’s holdings in O’Reilly Automotive were worth $97,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ORLY. Rise Advisors LLC acquired a new position in O’Reilly Automotive during the first quarter worth $36,000. Indiana Trust & Investment Management CO lifted its holdings in O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Riverview Trust Co acquired a new position in O’Reilly Automotive in the first quarter valued at about $41,000. Crewe Advisors LLC bought a new stake in O’Reilly Automotive during the first quarter worth about $43,000. Finally, Kings Path Partners LLC acquired a new stake in shares of O’Reilly Automotive during the second quarter worth approximately $44,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group decreased their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Evercore ISI raised their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Wedbush reiterated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday, July 25th. DA Davidson raised their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada reduced their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,144.06.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is currently owned by company insiders.

O’Reilly Automotive Stock Up 0.9 %

ORLY stock opened at $1,161.99 on Wednesday. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The company has a market cap of $68.43 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92. The business’s fifty day moving average is $1,125.35 and its 200-day moving average is $1,074.63.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. O’Reilly Automotive’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $10.22 EPS. Research analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

O’Reilly Automotive Company 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.