Raymond James Financial Services Advisors Inc. increased its holdings in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 22.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 78,369 shares of the specialty retailer’s stock after purchasing an additional 14,423 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in O’Reilly Automotive were worth $30,431,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Advisors Preferred LLC bought a new stake in shares of O’Reilly Automotive in the first quarter worth $26,000. Virtus ETF Advisers LLC bought a new stake in shares of O’Reilly Automotive in the fourth quarter worth $25,000. CX Institutional bought a new stake in shares of O’Reilly Automotive in the first quarter worth $35,000. Berman Capital Advisors LLC bought a new stake in shares of O’Reilly Automotive in the fourth quarter worth $31,000. Finally, Paragon Capital Management LLC bought a new stake in shares of O’Reilly Automotive in the first quarter worth $39,000. 87.65% of the stock is currently owned by hedge funds and other institutional investors.
In other O’Reilly Automotive news, Chairman David E. Oreilly sold 34,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $375.48, for a total value of $12,766,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeff M. Shaw sold 2,758 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $395.00, for a total transaction of $1,089,410.00. Following the completion of the sale, the chief operating officer now directly owns 26,992 shares of the company’s stock, valued at $10,661,840. The disclosure for this sale can be found here. Insiders sold 63,358 shares of company stock valued at $23,967,313 in the last ninety days. Corporate insiders own 2.52% of the company’s stock.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share for the quarter, hitting the consensus estimate of $4.05. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.44 billion. O’Reilly Automotive had a net margin of 13.87% and a return on equity of 333.23%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.61 earnings per share. Equities analysts anticipate that O’Reilly Automotive Inc will post 17.77 EPS for the current year.
Several analysts have weighed in on ORLY shares. Citigroup boosted their target price on shares of O’Reilly Automotive from $422.00 to $454.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Morgan Stanley boosted their target price on shares of O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Credit Suisse Group reiterated a “hold” rating and set a $318.00 target price on shares of O’Reilly Automotive in a research note on Tuesday, February 5th. Oppenheimer lowered shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research lowered shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $379.13.
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About O’Reilly Automotive
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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