International Assets Investment Management LLC Purchases 853,633 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

International Assets Investment Management LLC lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 99,957.0% in the third quarter, HoldingsChannel.com reports. The fund owned 854,487 shares of the specialty retailer’s stock after buying an additional 853,633 shares during the period. International Assets Investment Management LLC’s holdings in O’Reilly Automotive were worth $984,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ORLY. Asset Dedication LLC lifted its stake in O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after purchasing an additional 9 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its position in shares of O’Reilly Automotive by 2.6% during the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after buying an additional 10 shares during the period. Marcum Wealth LLC increased its position in shares of O’Reilly Automotive by 5.1% during the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after buying an additional 10 shares during the period. Ausdal Financial Partners Inc. increased its position in shares of 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 during the period. Finally, Arkadios Wealth Advisors increased its position in shares of O’Reilly Automotive by 3.7% during the first quarter. Arkadios Wealth Advisors now owns 306 shares of the specialty retailer’s stock worth $345,000 after buying an additional 11 shares during the period. Institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group decreased their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Bank of America boosted their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. DA Davidson boosted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Royal Bank of Canada dropped their target price 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, Wells Fargo & Company boosted their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,206.87.

Insider Buying and Selling

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the sale, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,411 shares of company stock valued at $56,846,062. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Down 0.5 %

NASDAQ ORLY opened at $1,199.25 on Thursday. The company’s 50 day moving average is $1,147.32 and its 200-day moving average is $1,080.64. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,221.18. The firm has a market cap of $70.63 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $10.22 EPS. Equities analysts expect that O’Reilly Automotive, Inc. will post 41.06 EPS for the current year.

About O’Reilly Automotive

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.