ETF Managers Group LLC Grows Position in O’Reilly Automotive Inc (NASDAQ:ORLY)

ETF Managers Group LLC grew its holdings in O’Reilly Automotive Inc (NASDAQ:ORLY) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 578 shares of the specialty retailer’s stock after acquiring an additional 46 shares during the quarter. ETF Managers Group LLC’s holdings in O’Reilly Automotive were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $259,779,000. FMR LLC increased its position in shares of O’Reilly Automotive by 80.9% during the fourth quarter. FMR LLC now owns 1,163,828 shares of the specialty retailer’s stock worth $400,741,000 after acquiring an additional 520,302 shares during the last quarter. Isthmus Partners LLC purchased a new stake in shares of O’Reilly Automotive during the first quarter worth about $6,309,000. Janus Henderson Group PLC increased its position in shares of O’Reilly Automotive by 73.2% during the first quarter. Janus Henderson Group PLC now owns 651,238 shares of the specialty retailer’s stock worth $252,882,000 after acquiring an additional 275,197 shares during the last quarter. Finally, Hexavest Inc. purchased a new stake in shares of O’Reilly Automotive during the first quarter worth about $60,860,000. 85.61% of the stock is owned by institutional investors and hedge funds.

ORLY has been the subject of several research analyst reports. Citigroup boosted their price objective on O’Reilly Automotive from $422.00 to $454.00 and gave the company a “buy” rating in a report on Monday, April 1st. BidaskClub upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Morgan Stanley lifted their target price on shares of O’Reilly Automotive from $385.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Zacks Investment Research raised shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Finally, Evercore ISI initiated coverage on shares of O’Reilly Automotive in a report on Wednesday, March 20th. They set an “in-line” rating and a $375.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $379.13.

NASDAQ:ORLY traded up $0.39 during mid-day trading on Friday, reaching $387.96. 315,698 shares of the stock were exchanged, compared to its average volume of 672,185. The company has a market capitalization of $30.41 billion, a PE ratio of 24.10, a P/E/G ratio of 1.41 and a beta of 0.79. The company has a quick ratio of 0.10, a current ratio of 0.84 and a debt-to-equity ratio of 13.67. O’Reilly Automotive Inc has a 1 year low of $270.97 and a 1 year high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $4.05. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.44 billion. O’Reilly Automotive had a return on equity of 333.23% and a net margin of 13.87%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.61 EPS. As a group, sell-side analysts anticipate that O’Reilly Automotive Inc will post 17.78 EPS for the current fiscal year.

In other news, Chairman David E. Oreilly sold 34,000 shares of O’Reilly Automotive stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $375.48, for a total value of $12,766,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Raymond Murphy sold 528 shares of O’Reilly Automotive stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $361.05, for a total value of $190,634.40. The disclosure for this sale can be found here. Insiders have sold 42,886 shares of company stock valued at $16,149,052 in the last three months. 2.52% of the stock is currently owned by company 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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; 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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