Moors & Cabot Inc. Buys 164 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Moors & Cabot Inc. lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 21.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 925 shares of the specialty retailer’s stock after acquiring an additional 164 shares during the quarter. Moors & Cabot Inc.’s holdings in O’Reilly Automotive were worth $977,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB grew its stake in shares of O’Reilly Automotive by 3.8% during the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after acquiring an additional 2,214 shares during the period. Bank Pictet & Cie Asia Ltd. bought a new position in shares of O’Reilly Automotive during the 2nd quarter valued at approximately $800,000. O Shaughnessy Asset Management LLC grew its stake in shares of O’Reilly Automotive by 5.0% during 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 acquiring an additional 701 shares during the period. Perpetual Ltd grew its stake in shares of O’Reilly Automotive by 322.6% during the 1st quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock valued at $1,289,000 after acquiring an additional 871 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of O’Reilly Automotive by 656.2% during the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after acquiring an additional 397,108 shares during the period. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,133.19 on Thursday. The business’s 50 day simple moving average is $1,108.23 and its 200-day simple moving average is $1,071.93. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The stock has a market capitalization of $65.74 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the previous year, the firm earned $10.22 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Evercore ISI boosted their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Royal Bank of Canada lowered their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Bank of America boosted their price target on 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. Wedbush reissued a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, July 25th. Finally, Wells Fargo & Company boosted their price target on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,144.06.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was 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. Insiders have sold 50,411 shares of company stock worth $56,846,062 over the last quarter. Insiders own 1.55% of the company’s stock.

About O’Reilly Automotive

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.