Bellwether Advisors LLC Purchases Shares of 1,879 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Bellwether Advisors LLC acquired a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,879 shares of the specialty retailer’s stock, valued at approximately $1,984,000.

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

O’Reilly Automotive Trading Down 0.7 %

ORLY traded down $8.50 on Friday, hitting $1,129.97. 354,362 shares of the company’s stock traded hands, compared to its average volume of 313,208. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The company’s 50 day simple moving average is $1,084.80 and its 200-day simple moving average is $1,065.87. The firm has a market cap of $65.55 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.15 and a beta of 0.92.

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 the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion for 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 firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company earned $10.22 EPS. As a group, equities analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ORLY shares. Evercore ISI upped their price target on 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 restated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, July 25th. 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. Royal Bank of Canada reduced their price objective on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, UBS Group dropped their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,144.06.

Insiders Place Their Bets

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

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.