Tobam Purchases 35 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Tobam raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 40.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121 shares of the specialty retailer’s stock after acquiring an additional 35 shares during the period. Tobam’s holdings in O’Reilly Automotive were worth $139,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Associates Ltd. grew its stake in O’Reilly Automotive by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock valued at $820,000 after purchasing an additional 10 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in shares of O’Reilly Automotive by 2.6% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after purchasing an additional 10 shares in the last quarter. Marcum Wealth LLC lifted its stake in shares of O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 10 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in O’Reilly Automotive by 2.9% during the second quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after buying an additional 10 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in O’Reilly Automotive by 3.7% during the first quarter. Arkadios Wealth Advisors now owns 306 shares of the specialty retailer’s stock valued at $345,000 after buying an additional 11 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of analyst reports. Bank of America upped their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company boosted their price target 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. UBS Group dropped their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Royal Bank of Canada decreased 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 research note on Friday, July 26th. Finally, Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus price target of $1,166.79.

O’Reilly Automotive Stock Down 0.5 %

NASDAQ:ORLY opened at $1,171.36 on Friday. The company has a market capitalization of $67.95 billion, a P/E ratio of 29.48, a P/E/G ratio of 2.24 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,186.91. The stock’s fifty day moving average is $1,131.67 and its two-hundred day moving average is $1,075.72.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $10.22 EPS. Sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 41.1 earnings per share for the current fiscal year.

Insider Activity

In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the business’s 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 completion of the transaction, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Dana Perlman sold 48 shares of the business’s 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 transaction of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the sale, the chairman now owns 13,347 shares in the company, valued at $15,049,409.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Company 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.