RiverPark Advisors LLC Raises Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

RiverPark Advisors LLC boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 504 shares of the specialty retailer’s stock after purchasing an additional 20 shares during the period. RiverPark Advisors LLC’s holdings in O’Reilly Automotive were worth $580,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bank Pictet & Cie Asia Ltd. purchased a new stake in O’Reilly Automotive during the 2nd quarter worth approximately $800,000. Handelsbanken Fonder AB lifted its stake in shares of O’Reilly Automotive by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after purchasing an additional 727 shares during the period. Assetmark Inc. lifted its stake in shares of O’Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after purchasing an additional 3,193 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of O’Reilly Automotive by 5.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock valued at $16,723,000 after purchasing an additional 701 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of O’Reilly Automotive by 90.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock valued at $15,458,000 after purchasing an additional 6,954 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ORLY. JPMorgan Chase & Co. upped their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Roth Mkm restated a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Evercore ISI upped their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Bank of America upped their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

Insider Transactions at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,322 shares of company stock valued at $18,280,698. 1.55% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $1,213.37 on Friday. The firm has a market cap of $70.05 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.46 and a beta of 0.92. The company has a 50-day moving average of $1,170.83 and a two-hundred day moving average of $1,094.85. O’Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $10.72 EPS. Sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 EPS 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.