O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Bought by Assetmark Inc.

Assetmark Inc. grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 20.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,580 shares of the specialty retailer’s stock after acquiring an additional 3,193 shares during the quarter. Assetmark Inc.’s holdings in O’Reilly Automotive were worth $21,396,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Trifecta Capital Advisors LLC raised its holdings in shares of O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of O’Reilly Automotive in the third quarter valued at about $41,000. Crewe Advisors LLC purchased a new stake in O’Reilly Automotive in the first quarter valued at approximately $43,000. Kings Path Partners LLC purchased a new position in O’Reilly Automotive during the 2nd quarter worth approximately $44,000. Finally, ORG Partners LLC acquired a new stake in shares of O’Reilly Automotive in the second quarter worth $48,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ORLY. Morgan Stanley increased their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised 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 note on Wednesday, October 16th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada lifted their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Evercore ISI upped their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,242.13.

Insiders Place Their Bets

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the transaction, the director now owns 141,589 shares of the company’s stock, valued at $158,511,717.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold 16,322 shares of company stock worth $18,280,698 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Trading Up 0.3 %

Shares of ORLY opened at $1,217.70 on Friday. The company’s 50-day moving average price is $1,161.22 and its 200 day moving average price is $1,088.58. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,239.65. The firm has a market cap of $70.64 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $10.72 earnings per share. Equities research analysts forecast that O’Reilly Automotive, Inc. will post 40.82 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.