Dorsey & Whitney Trust CO LLC Grows Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Dorsey & Whitney Trust CO LLC increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564 shares of the specialty retailer’s stock after acquiring an additional 15 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in O’Reilly Automotive were worth $357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Castle Wealth Management LLC acquired a new position in O’Reilly Automotive in the second quarter valued at $27,000. Grayhawk Investment Strategies Inc. acquired a new position in O’Reilly Automotive in the second quarter valued at $28,000. Heritage Financial Services LLC acquired a new position in O’Reilly Automotive in the second quarter valued at $34,000. Zions Bancorporation N.A. increased its stake in O’Reilly Automotive by 80.6% in the second quarter. Zions Bancorporation N.A. now owns 65 shares of the specialty retailer’s stock valued at $41,000 after purchasing an additional 29 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in O’Reilly Automotive by 24.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 82 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 16 shares during the period. 84.03% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Down 0.2 %

O’Reilly Automotive stock opened at $850.82 on Thursday. O’Reilly Automotive, Inc. has a 52-week low of $562.90 and a 52-week high of $855.19. The firm has a fifty day moving average of $762.55 and a 200-day moving average of $699.05. The firm has a market capitalization of $53.24 billion, a P/E ratio of 25.97, a PEG ratio of 2.02 and a beta of 0.98.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last announced its earnings results on Thursday, October 27th. The specialty retailer reported $9.17 earnings per share for the quarter, beating the consensus estimate of $8.50 by $0.67. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.71 billion. O’Reilly Automotive had a net margin of 15.39% and a negative return on equity of 319.55%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.07 earnings per share. On average, research analysts expect that O’Reilly Automotive, Inc. will post 32.58 EPS for the current fiscal year.

Insider Activity

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 200 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $725.02, for a total transaction of $145,004.00. Following the transaction, the chairman now directly owns 66,152 shares in the company, valued at approximately $47,961,523.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Jeffrey Alan Lauro sold 1,000 shares of the firm’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $750.00, for a total value of $750,000.00. Following the transaction, the senior vice president now directly owns 760 shares in the company, valued at approximately $570,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman David E. Oreilly sold 200 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $725.02, for a total transaction of $145,004.00. Following the completion of the transaction, the chairman now owns 66,152 shares in the company, valued at $47,961,523.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,327 shares of company stock worth $20,161,843. 1.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ORLY shares. Morgan Stanley boosted their price target on shares of O’Reilly Automotive from $725.00 to $780.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 27th. Guggenheim upped their price target on shares of O’Reilly Automotive to $893.00 in a report on Tuesday, November 1st. MKM Partners upped their price target on shares of O’Reilly Automotive to $865.00 in a report on Tuesday, November 1st. StockNews.com assumed coverage on shares of O’Reilly Automotive in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada reduced their price objective on shares of O’Reilly Automotive from $806.00 to $795.00 in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $819.33.

About O’Reilly Automotive

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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. 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.

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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