O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Bought by MQS Management LLC

MQS Management LLC lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 81.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 351 shares of the specialty retailer’s stock after buying an additional 158 shares during the period. MQS Management LLC’s holdings in O’Reilly Automotive were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of O’Reilly Automotive in the first quarter valued at approximately $36,000. Indiana Trust & Investment Management CO lifted its holdings in O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares in the last quarter. Riverview Trust Co purchased a new position in O’Reilly Automotive in the 1st quarter valued at approximately $41,000. Crewe Advisors LLC acquired a new position in shares of O’Reilly Automotive in the first quarter worth $43,000. Finally, Kings Path Partners LLC purchased a new stake in shares of O’Reilly Automotive during the second quarter worth $44,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank of Canada decreased their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Bank of America boosted their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 25th. UBS Group lowered their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, Wells Fargo & Company raised their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,144.06.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,115.65 on Friday. The company has a fifty day moving average of $1,109.88 and a two-hundred day moving average of $1,072.23. The company has a market capitalization of $64.72 billion, a PE ratio of 28.32, a P/E/G ratio of 2.13 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11.

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

Insider Activity

In other news, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction on 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 transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Dana Perlman sold 48 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of the business’s 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 completion of the transaction, the chairman now owns 13,347 shares in the company, valued at approximately $15,049,409.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by company insiders.

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.