Wilmington Savings Fund Society FSB Buys New Shares in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Wilmington Savings Fund Society FSB purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 160 shares of the specialty retailer’s stock, valued at approximately $184,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Focus Financial Network Inc. boosted its stake in O’Reilly Automotive by 134.3% in the second quarter. Focus Financial Network Inc. now owns 506 shares of the specialty retailer’s stock worth $528,000 after buying an additional 290 shares in the last quarter. &PARTNERS boosted its stake in shares of O’Reilly Automotive by 103.6% in the 2nd quarter. &PARTNERS now owns 912 shares of the specialty retailer’s stock valued at $963,000 after purchasing an additional 464 shares in the last quarter. Gilliland Jeter Wealth Management LLC boosted its stake in shares of O’Reilly Automotive by 65.6% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 399 shares of the specialty retailer’s stock valued at $421,000 after purchasing an additional 158 shares in the last quarter. LRI Investments LLC grew its holdings in shares of O’Reilly Automotive by 178.8% during the 2nd quarter. LRI Investments LLC now owns 237 shares of the specialty retailer’s stock valued at $251,000 after purchasing an additional 152 shares during the last quarter. Finally, Pictet North America Advisors SA raised its position in O’Reilly Automotive by 515.5% in the 2nd quarter. Pictet North America Advisors SA now owns 3,693 shares of the specialty retailer’s stock worth $3,900,000 after purchasing an additional 3,093 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ORLY shares. BMO Capital Markets started coverage on O’Reilly Automotive in a research note on Friday, December 13th. They set an “outperform” rating and a $1,400.00 price objective on the stock. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Monday. Wedbush reiterated a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Company upped their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $1,257.00.

O’Reilly Automotive Trading Down 1.7 %

ORLY opened at $1,225.14 on Thursday. The company has a market cap of $70.73 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. The stock has a fifty day simple moving average of $1,218.01 and a two-hundred day simple moving average of $1,134.01. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the business earned $10.72 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. 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.