MBB Public Markets I LLC Acquires Shares of 4,344 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

MBB Public Markets I LLC acquired a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the second quarter, Holdings Channel reports. The institutional investor acquired 4,344 shares of the specialty retailer’s stock, valued at approximately $4,588,000.

A number of other large investors have also recently made changes to their positions in ORLY. Vanguard Group Inc. raised its holdings in O’Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after buying an additional 75,837 shares during the period. Principal Financial Group Inc. raised its stake in shares of O’Reilly Automotive by 3.2% in the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after acquiring an additional 57,194 shares during the period. Bank of New York Mellon Corp raised its stake in shares of O’Reilly Automotive by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after acquiring an additional 19,211 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of O’Reilly Automotive by 56.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after acquiring an additional 376,167 shares during the last quarter. Finally, Wellington Management Group LLP boosted 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 worth $434,780,000 after purchasing an additional 397,108 shares during the period. 85.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several analyst reports. DA Davidson raised their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wedbush reissued a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, July 25th. UBS Group cut their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Wells Fargo & Company lifted their target price on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada cut their price target on shares of 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. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,144.06.

O’Reilly Automotive Stock Down 1.2 %

Shares of ORLY stock opened at $1,146.03 on Friday. The company’s 50 day moving average is $1,119.14 and its 200 day moving average is $1,073.95. The firm has a market cap of $67.49 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.13 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results 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 company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same period in the previous year, the firm posted $10.22 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

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.