First Allied Advisory Services Inc. grew its holdings in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,237 shares of the specialty retailer’s stock after buying an additional 52 shares during the quarter. First Allied Advisory Services Inc.’s holdings in O’Reilly Automotive were worth $478,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Virtus ETF Advisers LLC purchased a new position in shares of O’Reilly Automotive in the fourth quarter valued at $25,000. Advisors Preferred LLC purchased a new position in shares of O’Reilly Automotive in the first quarter valued at $26,000. Berman Capital Advisors LLC acquired a new stake in O’Reilly Automotive in the fourth quarter valued at $31,000. CNB Bank acquired a new stake in O’Reilly Automotive in the fourth quarter valued at $35,000. Finally, CX Institutional acquired a new stake in O’Reilly Automotive in the first quarter valued at $35,000. Institutional investors own 85.61% of the company’s stock.
Several research firms recently issued reports on ORLY. BidaskClub raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Evercore ISI began coverage on shares of O’Reilly Automotive in a report on Wednesday, March 20th. They issued an “in-line” rating and a $375.00 price target on the stock. Citigroup upped their price target on shares of O’Reilly Automotive from $422.00 to $454.00 and gave the company a “buy” rating in a report on Monday, April 1st. Raymond James upped their price target on shares of O’Reilly Automotive from $408.00 to $435.00 and gave the company a “strong-buy” rating in a report on Thursday, April 25th. Finally, Zacks Investment Research cut shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. O’Reilly Automotive presently has a consensus rating of “Buy” and a consensus price target of $379.13.
Shares of NASDAQ:ORLY traded up $0.39 on Friday, reaching $387.96. 315,698 shares of the company’s stock were exchanged, compared to its average volume of 672,185. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.10 and a current ratio of 0.84. O’Reilly Automotive Inc has a fifty-two week low of $270.97 and a fifty-two week high of $414.63. The stock has a market capitalization of $30.41 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $4.05. O’Reilly Automotive had a net margin of 13.87% and a return on equity of 333.23%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter last year, the company earned $3.61 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Sell-side analysts expect that O’Reilly Automotive Inc will post 17.78 EPS for the current fiscal year.
In related news, Chairman David E. Oreilly sold 34,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $375.48, for a total value of $12,766,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence P. Oreilly sold 5,600 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $375.48, for a total transaction of $2,102,688.00. Following the completion of the transaction, the director now owns 122,564 shares of the company’s stock, valued at approximately $46,020,330.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,886 shares of company stock worth $16,149,052. Corporate insiders own 2.52% of the company’s stock.
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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