Deltec Asset Management LLC Takes $847,000 Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Deltec Asset Management LLC purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 750 shares of the specialty retailer’s stock, valued at approximately $847,000.

A number of other hedge funds also recently bought and sold shares of ORLY. Groesbeck Investment Management Corp NJ increased its holdings in shares of O’Reilly Automotive by 0.7% in the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after buying an additional 10 shares during the last quarter. Lindbrook Capital LLC raised its position in O’Reilly Automotive by 3.9% during the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock valued at $251,000 after purchasing an additional 10 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of O’Reilly Automotive by 2.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock valued at $418,000 after purchasing an additional 11 shares during the last quarter. Atlas Brown Inc. boosted its holdings in shares of O’Reilly Automotive by 2.8% in the 4th quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer’s stock worth $380,000 after purchasing an additional 11 shares during the period. Finally, L.M. Kohn & Company increased its position in shares of O’Reilly Automotive by 1.9% during the 4th quarter. L.M. Kohn & Company now owns 591 shares of the specialty retailer’s stock valued at $561,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of analyst reports. Wedbush restated a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Evercore ISI lifted their price target on shares of O’Reilly Automotive from $1,265.00 to $1,275.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Mizuho began coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price for the company. Finally, Wells Fargo & Company reduced their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,123.64.

Insider Buying and Selling at O’Reilly Automotive

In related news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock traded down $1.36 during midday trading on Friday, hitting $1,056.06. 585,662 shares of the company’s stock were exchanged, compared to its average volume of 476,104. The company has a market cap of $62.19 billion, a PE ratio of 26.80, a P/E/G ratio of 1.94 and a beta of 0.89. The firm has a 50-day moving average of $1,017.01 and a two-hundred day moving average of $1,034.26. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.28 EPS. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current year.

O’Reilly Automotive 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.