Alexander Labrunerie & CO. Inc. Buys 22 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Alexander Labrunerie & CO. Inc. increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 488 shares of the specialty retailer’s stock after purchasing an additional 22 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in O’Reilly Automotive were worth $562,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ORLY. Riverview Trust Co bought a new position in shares of O’Reilly Automotive in the first quarter worth $41,000. Elevated Capital Advisors LLC bought a new position in O’Reilly Automotive in the first quarter valued at about $233,000. Sunbelt Securities Inc. grew its position in O’Reilly Automotive by 10.5% in the first quarter. Sunbelt Securities Inc. now owns 516 shares of the specialty retailer’s stock valued at $583,000 after acquiring an additional 49 shares during the last quarter. Procyon Advisors LLC grew its position in O’Reilly Automotive by 3.4% in the first quarter. Procyon Advisors LLC now owns 2,970 shares of the specialty retailer’s stock valued at $3,353,000 after acquiring an additional 97 shares during the last quarter. Finally, 180 Wealth Advisors LLC bought a new position in O’Reilly Automotive in the first quarter valued at about $308,000. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Bank of America lifted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. DA Davidson lifted their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada cut their price target on 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, Wedbush reissued a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,206.87.

O’Reilly Automotive Trading Down 1.1 %

O’Reilly Automotive stock opened at $1,205.38 on Wednesday. The firm has a 50 day simple moving average of $1,145.92 and a 200 day simple moving average of $1,079.80. The firm has a market capitalization of $69.92 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 2.30 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results 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 net margin of 14.57% and a negative return on equity of 146.57%. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter last year, the firm earned $10.22 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts forecast that O’Reilly Automotive, Inc. will post 41.06 EPS for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, 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 value of $53,268.48. Following the completion of the sale, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction dated 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 approximately $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,411 shares of company stock worth $56,846,062. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive 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.