O’Reilly Automotive, Inc. $ORLY Stock: MGO One Seven LLC Boosts Holdings

MGO One Seven LLC boosted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 31.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,131 shares of the specialty retailer’s stock after acquiring an additional 10,802 shares during the quarter. MGO One Seven LLC’s holdings in O’Reilly Automotive were worth $3,855,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Aprio Wealth Management LLC increased its holdings in O’Reilly Automotive by 18.3% in the third quarter. Aprio Wealth Management LLC now owns 7,017 shares of the specialty retailer’s stock valued at $599,000 after purchasing an additional 1,085 shares during the period. International Assets Investment Management LLC raised its position in O’Reilly Automotive by 1,940.6% during the 3rd quarter. International Assets Investment Management LLC now owns 250,000 shares of the specialty retailer’s stock worth $21,352,000 after purchasing an additional 237,749 shares during the last quarter. Glenview Trust Co lifted its holdings in O’Reilly Automotive by 7.5% during the 3rd quarter. Glenview Trust Co now owns 160,188 shares of the specialty retailer’s stock worth $13,682,000 after buying an additional 11,178 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of O’Reilly Automotive in the third quarter worth approximately $265,000. Finally, Blueprint Investment Partners LLC boosted its stake in shares of O’Reilly Automotive by 3.1% in the 3rd quarter. Blueprint Investment Partners LLC now owns 20,987 shares of the specialty retailer’s stock valued at $1,792,000 after purchasing an additional 622 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ORLY. TD Cowen decreased their target price on O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Weiss Ratings downgraded shares of O’Reilly Automotive from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 27th. Wells Fargo & Company increased their price objective on O’Reilly Automotive from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Evercore reiterated an “outperform” rating on shares of O’Reilly Automotive in a report on Monday, October 26th. Finally, UBS Group reissued a “buy” rating and issued a $122.00 price objective (up from $120.00) on shares of O’Reilly Automotive in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Insiders Place Their Bets

In other news, Director Thomas Hendrickson sold 1,000 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $87.83, for a total transaction of $87,830.00. Following the sale, the director directly owned 18,675 shares in the company, valued at $1,640,225.25. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Christopher Mancini sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $93.00, for a total value of $279,000.00. Following the sale, the senior vice president owned 189 shares in the company, valued at approximately $17,577. This represents a 94.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,000 shares of company stock worth $550,530 in the last quarter. 0.77% of the stock is owned by company insiders.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $90.70 on Tuesday. The company’s fifty day simple moving average is $87.23 and its two-hundred day simple moving average is $90.51. O’Reilly Automotive, Inc. has a 1 year low of $82.59 and a 1 year high of $102.46. The stock has a market capitalization of $73.37 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 2.18 and a beta of 0.54.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. O’Reilly Automotive had a negative return on equity of 221.77% and a net margin of 14.27%. The firm had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 3.31 EPS for the current year.

O’Reilly Automotive Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.

Founded in 1957 by the O’Reilly family, the company began as a single store in Springfield, Missouri.