iA Global Asset Management Inc. Acquires 11,245 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

iA Global Asset Management Inc. boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,004 shares of the specialty retailer’s stock after acquiring an additional 11,245 shares during the quarter. O’Reilly Automotive accounts for about 1.3% of iA Global Asset Management Inc.’s investment portfolio, making the stock its 20th largest position. iA Global Asset Management Inc. owned 0.18% of O’Reilly Automotive worth $114,059,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Boston Financial Mangement LLC increased its holdings in shares of O’Reilly Automotive by 1.7% in the 2nd quarter. Boston Financial Mangement LLC now owns 24,178 shares of the specialty retailer’s stock worth $25,533,000 after buying an additional 400 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in O’Reilly Automotive by 2.1% in the second quarter. Crossmark Global Holdings Inc. now owns 2,727 shares of the specialty retailer’s stock worth $2,880,000 after acquiring an additional 55 shares in the last quarter. Principal Financial Group Inc. increased its stake in O’Reilly Automotive by 3.2% in the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after acquiring an additional 57,194 shares during the last quarter. F M Investments LLC purchased a new stake in O’Reilly Automotive during the second quarter valued at about $11,122,000. Finally, Blue Chip Partners LLC lifted its stake in O’Reilly Automotive by 9.1% during the second quarter. Blue Chip Partners LLC now owns 8,902 shares of the specialty retailer’s stock worth $9,401,000 after purchasing an additional 743 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction dated 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 sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction on 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 directly owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $53,268.48. Following the sale, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group reduced their price objective on 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. DA Davidson increased their price target on shares of 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. Bank of America lifted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Wedbush reaffirmed a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $1,144.06.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded down $8.50 during trading hours on Friday, hitting $1,129.97. The company’s stock had a trading volume of 354,361 shares, compared to its average volume of 388,209. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The stock has a market cap of $66.55 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.13 and a beta of 0.92. The business has a 50-day simple moving average of $1,083.84 and a 200-day simple moving average of $1,064.96.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates 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 negative return on equity of 146.57% and a net margin of 14.57%. O’Reilly Automotive’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.22 earnings per share. On average, equities research analysts forecast that O’Reilly Automotive, Inc. will post 41.13 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.