O’Reilly Automotive, Inc. $ORLY Shares Acquired by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. increased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 158.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375 shares of the specialty retailer’s stock after acquiring an additional 230 shares during the quarter. Pittenger & Anderson Inc.’s holdings in O’Reilly Automotive were worth $34,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. GAMMA Investing LLC grew its position in O’Reilly Automotive by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer’s stock valued at $1,822,000 after buying an additional 232 shares during the last quarter. Valmark Advisers Inc. grew its position in O’Reilly Automotive by 4.7% in the 1st quarter. Valmark Advisers Inc. now owns 404 shares of the specialty retailer’s stock valued at $579,000 after buying an additional 18 shares during the last quarter. Asset Management One Co. Ltd. grew its position in O’Reilly Automotive by 6.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 25,476 shares of the specialty retailer’s stock valued at $36,496,000 after buying an additional 1,473 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in O’Reilly Automotive by 2,475.0% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 103 shares of the specialty retailer’s stock valued at $148,000 after buying an additional 99 shares during the last quarter. Finally, Consolidated Portfolio Review Corp grew its position in O’Reilly Automotive by 9.3% in the 1st quarter. Consolidated Portfolio Review Corp now owns 328 shares of the specialty retailer’s stock valued at $470,000 after buying an additional 28 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director Maria Sastre sold 595 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director directly owned 15,935 shares in the company, valued at $1,630,309.85. The trade was a 3.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 over the last 90 days. 1.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Argus assumed coverage on shares of O’Reilly Automotive in a research report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price objective on the stock. Cowen reiterated a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. Barclays reiterated an “equal weight” rating and issued a $86.00 price objective on shares of O’Reilly Automotive in a research report on Friday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of O’Reilly Automotive in a research report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their price objective on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.04.

O’Reilly Automotive Stock Up 0.3%

NASDAQ:ORLY opened at $101.31 on Wednesday. O’Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The stock has a market cap of $85.96 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60. The firm’s fifty day simple moving average is $103.76 and its 200-day simple moving average is $96.45.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the prior year, the company posted $10.55 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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.