Dakota Wealth Management decreased its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 12.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 865 shares of the specialty retailer’s stock after selling 126 shares during the period. Dakota Wealth Management’s holdings in O’Reilly Automotive were worth $320,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in ORLY. First Republic Investment Management Inc. grew its holdings in shares of O’Reilly Automotive by 44.1% during the second quarter. First Republic Investment Management Inc. now owns 28,440 shares of the specialty retailer’s stock valued at $10,503,000 after buying an additional 8,697 shares in the last quarter. Commerce Bank boosted its position in O’Reilly Automotive by 1.3% during the second quarter. Commerce Bank now owns 22,325 shares of the specialty retailer’s stock valued at $8,245,000 after purchasing an additional 282 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in O’Reilly Automotive by 4.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,929 shares of the specialty retailer’s stock valued at $3,667,000 after purchasing an additional 379 shares during the last quarter. WASHINGTON TRUST Co boosted its position in O’Reilly Automotive by 82.3% during the second quarter. WASHINGTON TRUST Co now owns 1,655 shares of the specialty retailer’s stock valued at $611,000 after purchasing an additional 747 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in O’Reilly Automotive by 14.5% during the second quarter. JPMorgan Chase & Co. now owns 4,013,656 shares of the specialty retailer’s stock valued at $1,475,299,000 after purchasing an additional 509,286 shares during the last quarter. 86.79% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on ORLY. Wells Fargo & Co reissued a “buy” rating and set a $435.00 price objective on shares of O’Reilly Automotive in a research report on Tuesday, August 20th. Royal Bank of Canada set a $428.00 price objective on O’Reilly Automotive and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Raymond James boosted their price objective on O’Reilly Automotive from $435.00 to $460.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Goldman Sachs Group started coverage on O’Reilly Automotive in a research note on Thursday, July 11th. They set a “buy” rating and a $440.00 price target on the stock. Finally, ValuEngine lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $407.57.
ORLY stock traded down $0.72 during trading hours on Friday, reaching $393.18. 5,254 shares of the stock were exchanged, compared to its average volume of 472,190. The firm’s 50-day moving average is $382.91 and its 200-day moving average is $381.33. The company has a market cap of $31.19 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 1.64 and a beta of 0.73. The company has a debt-to-equity ratio of 37.43, a current ratio of 0.85 and a quick ratio of 0.10. O’Reilly Automotive Inc has a 12 month low of $314.14 and a 12 month high of $414.63.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $4.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.67 by ($0.16). O’Reilly Automotive had a net margin of 13.69% and a return on equity of 391.89%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the business earned $4.28 EPS. O’Reilly Automotive’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that O’Reilly Automotive Inc will post 17.54 earnings per share for the current year.
In other news, Director John Raymond Murphy sold 122 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $385.92, for a total value of $47,082.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey Alan Lauro acquired 150 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $368.33 per share, for a total transaction of $55,249.50. Following the completion of the purchase, the senior vice president now directly owns 422 shares of the company’s stock, valued at $155,435.26. The disclosure for this purchase can be found here. Insiders sold a total of 1,773 shares of company stock valued at $669,481 over the last quarter. 2.52% of the stock is currently owned by company insiders.
O’Reilly Automotive Profile
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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