NorthCrest Asset Manangement LLC Acquires 993 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

NorthCrest Asset Manangement LLC raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 31.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,160 shares of the specialty retailer’s stock after purchasing an additional 993 shares during the period. NorthCrest Asset Manangement LLC’s holdings in O’Reilly Automotive were worth $5,960,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in O’Reilly Automotive by 175,115.6% in the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer’s stock worth $2,610,507,000 after purchasing an additional 1,821,202 shares in the last quarter. Norges Bank purchased a new stake in shares of O’Reilly Automotive in the 4th quarter valued at $867,190,000. Proficio Capital Partners LLC boosted its holdings in shares of O’Reilly Automotive by 205,600.0% in the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock valued at $597,602,000 after acquiring an additional 503,720 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in O’Reilly Automotive by 197.2% during the first quarter. Assenagon Asset Management S.A. now owns 303,484 shares of the specialty retailer’s stock worth $434,765,000 after buying an additional 201,356 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in O’Reilly Automotive during the fourth quarter worth $208,248,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Najera Jose A. Montellano sold 285 shares of O’Reilly Automotive stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Ramon Parises Odems sold 30,000 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the sale, the senior vice president now directly owns 240 shares in the company, valued at $21,767.20. This represents a 99.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,285 shares of company stock valued at $3,022,386 over the last quarter. 1.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ORLY. UBS Group increased their price objective on shares of O’Reilly Automotive from $102.33 to $105.33 and gave the company a “buy” rating in a report on Thursday, April 24th. DA Davidson increased their target price on shares of O’Reilly Automotive from $101.67 to $106.67 and gave the stock a “buy” rating in a research note on Friday, April 25th. Guggenheim reaffirmed a “buy” rating and set a $98.33 target price on shares of O’Reilly Automotive in a research note on Monday, March 10th. Mizuho raised their price objective on shares of O’Reilly Automotive from $93.33 to $96.33 and gave the company an “outperform” rating in a research note on Friday, April 25th. Finally, Barclays lifted their price target on shares of O’Reilly Automotive from $83.33 to $86.00 and gave the stock an “equal weight” rating in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $94.30.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $89.91 on Friday. The stock’s 50-day moving average is $91.37 and its two-hundred day moving average is $87.80. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 2.21, a PEG ratio of 2.34 and a beta of 0.60. O’Reilly Automotive, Inc. has a 1 year low of $65.92 and a 1 year high of $97.22.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the business earned $0.61 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 43.94 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.