Optimal Asset Management Inc. lifted its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 72.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,829 shares of the specialty retailer’s stock after purchasing an additional 3,295 shares during the quarter. Optimal Asset Management Inc.’s holdings in O’Reilly Automotive were worth $2,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in ORLY. National Pension Service boosted its position in O’Reilly Automotive by 2.0% during the 1st quarter. National Pension Service now owns 117,298 shares of the specialty retailer’s stock worth $35,313,000 after buying an additional 2,302 shares during the period. Quantum Capital Management boosted its position in O’Reilly Automotive by 15.2% during the 1st quarter. Quantum Capital Management now owns 319 shares of the specialty retailer’s stock worth $96,000 after buying an additional 42 shares during the period. The Manufacturers Life Insurance Company boosted its position in O’Reilly Automotive by 303.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 287,159 shares of the specialty retailer’s stock worth $86,449,000 after buying an additional 216,047 shares during the period. CCM Investment Advisers LLC acquired a new stake in O’Reilly Automotive during the 1st quarter worth approximately $5,359,000. Finally, Port Capital LLC boosted its position in O’Reilly Automotive by 3.2% during the 1st quarter. Port Capital LLC now owns 45,572 shares of the specialty retailer’s stock worth $13,719,000 after buying an additional 1,420 shares during the period. 82.05% of the stock is currently owned by institutional investors.

Shares of NASDAQ ORLY traded up $0.83 during trading on Friday, hitting $418.43. The stock had a trading volume of 10,867 shares, compared to its average volume of 564,538. O’Reilly Automotive Inc has a 12 month low of $251.51 and a 12 month high of $454.31. The company has a debt-to-equity ratio of 56.35, a current ratio of 0.91 and a quick ratio of 0.14. The company has a market capitalization of $30.72 billion, a PE ratio of 23.45, a PEG ratio of 1.82 and a beta of 1.06. The firm has a fifty day moving average of $411.90 and a two-hundred day moving average of $394.33.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, April 22nd. The specialty retailer reported $3.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.86 by $0.11. O’Reilly Automotive had a net margin of 13.41% and a return on equity of 670.84%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the business posted $4.05 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that O’Reilly Automotive Inc will post 16.34 earnings per share for the current fiscal year.

Several equities research analysts recently commented on ORLY shares. Stephens reiterated an “overweight” rating and set a $380.00 target price (up from $350.00) on shares of O’Reilly Automotive in a research report on Thursday, April 16th. Wolfe Research downgraded shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 25th. Nomura Securities dropped their price target on shares of O’Reilly Automotive from $360.00 to $350.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Bank of America boosted their price target on shares of O’Reilly Automotive from $375.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Royal Bank of Canada boosted their price target on shares of O’Reilly Automotive from $330.00 to $409.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $405.47.

In related news, SVP Jason Lee Tarrant sold 9,166 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $376.17, for a total value of $3,447,974.22. Following the transaction, the senior vice president now directly owns 1,478 shares of the company’s stock, valued at approximately $555,979.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Carl David Wilbanks sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $425.74, for a total transaction of $4,257,400.00. Following the completion of the transaction, the senior vice president now directly owns 10,807 shares in the company, valued at $4,600,972.18. The disclosure for this sale can be found here. Insiders sold a total of 22,540 shares of company stock worth $9,055,986 over the last three months. 2.43% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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