Alpha Financial Partners LLC Increases Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Alpha Financial Partners LLC boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 232 shares of the specialty retailer’s stock after buying an additional 17 shares during the period. Alpha Financial Partners LLC’s holdings in O’Reilly Automotive were worth $245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORLY. Rise Advisors LLC purchased a new position in shares of O’Reilly Automotive in the first quarter valued at $36,000. Newbridge Financial Services Group Inc. acquired a new stake in O’Reilly Automotive in the 1st quarter valued at about $37,000. Indiana Trust & Investment Management CO increased its holdings in O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. Riverview Trust Co acquired a new position in O’Reilly Automotive during the first quarter worth about $41,000. Finally, Crewe Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at about $43,000. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,130.72 on Tuesday. The firm has a market capitalization of $65.59 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The company has a 50 day moving average price of $1,103.88 and a 200 day moving average price of $1,071.20.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the company earned $10.22 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive 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 transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at $296,800. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred 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. Insiders have sold a total of 50,411 shares of company stock worth $56,846,062 in the last three months. 1.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Wedbush reissued a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday, July 25th. DA Davidson upped their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday, July 26th. UBS Group dropped their price objective on 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. Finally, Bank of America upped their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $1,144.06.

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.