Quest Partners LLC Purchases 492 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Quest Partners LLC increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 390.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 618 shares of the specialty retailer’s stock after acquiring an additional 492 shares during the period. Quest Partners LLC’s holdings in O’Reilly Automotive were worth $653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC bought a new stake in shares of O’Reilly Automotive during the first quarter worth about $36,000. Newbridge Financial Services Group Inc. bought a new position in shares of O’Reilly Automotive during the first quarter valued at $37,000. Indiana Trust & Investment Management CO lifted its holdings in shares of O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 26 shares during the period. Riverview Trust Co bought a new stake in shares of O’Reilly Automotive in the first quarter worth $41,000. Finally, Crewe Advisors LLC acquired a new stake in O’Reilly Automotive in the first quarter valued at $43,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

ORLY has been the topic of several analyst reports. Evercore ISI upped their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Royal Bank of Canada reduced their price objective 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. DA Davidson lifted their target price 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. UBS Group cut their price target on shares of 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. Finally, Bank of America raised their price objective 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. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,144.06.

O’Reilly Automotive Trading Down 1.5 %

Shares of NASDAQ:ORLY opened at $1,112.63 on Thursday. The stock has a market cap of $65.53 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. The stock’s fifty day simple moving average is $1,097.76 and its two-hundred day simple moving average is $1,070.34. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year 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 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm 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 firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $10.22 earnings per share. On average, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other news, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the sale, the chairman now directly owns 13,347 shares in the company, valued at approximately $15,049,409.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the transaction, the chairman now owns 13,347 shares in the company, valued at approximately $15,049,409.85. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock worth $56,846,062 in the last quarter. 1.55% of the stock is currently owned by company 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.