Frank Rimerman Advisors LLC Raises Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Frank Rimerman Advisors LLC lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 19,233.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 580 shares of the specialty retailer’s stock after acquiring an additional 577 shares during the period. Frank Rimerman Advisors LLC’s holdings in O’Reilly Automotive were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB grew its stake in shares of O’Reilly Automotive by 3.8% in the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after buying an additional 2,214 shares during the period. Bank Pictet & Cie Asia Ltd. purchased a new position in shares of O’Reilly Automotive during the 2nd quarter worth $800,000. O Shaughnessy Asset Management LLC increased its position 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 worth $16,723,000 after purchasing an additional 701 shares during the last quarter. Perpetual Ltd raised its holdings in O’Reilly Automotive by 322.6% in the 1st quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock valued at $1,289,000 after buying an additional 871 shares during the period. Finally, Wellington Management Group LLP lifted its position in O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after buying an additional 397,108 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other news, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the transaction, the chairman now owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the sale, the chairman now owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dana Perlman sold 48 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 in the last ninety days. Insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, July 25th. Bank of America raised their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. DA Davidson increased their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, UBS Group lowered their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,144.06.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,119.84 on Tuesday. The company has a fifty day moving average of $1,112.81 and a two-hundred day moving average of $1,072.55. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The company has a market capitalization of $64.96 billion, a PE ratio of 28.42, a P/E/G ratio of 2.15 and a beta of 0.92.

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

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.