O’Reilly Automotive, Inc. $ORLY Stock: King Luther Capital Management Corp Grows Position

King Luther Capital Management Corp boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,180,009 shares of the specialty retailer’s stock after purchasing an additional 56,550 shares during the quarter. King Luther Capital Management Corp owned about 0.27% of O’Reilly Automotive worth $186,195,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. First National Bank of Mount Dora Trust Investment Services grew its holdings in O’Reilly Automotive by 26.8% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 58,297 shares of the specialty retailer’s stock worth $5,381,000 after acquiring an additional 12,316 shares in the last quarter. Corient Private Wealth LP increased its position in O’Reilly Automotive by 46.0% during the 2nd quarter. Corient Private Wealth LP now owns 1,077,091 shares of the specialty retailer’s stock valued at $99,189,000 after purchasing an additional 339,465 shares during the period. Swiss National Bank increased its position in O’Reilly Automotive by 6.5% during the 1st quarter. Swiss National Bank now owns 2,477,200 shares of the specialty retailer’s stock valued at $228,670,000 after purchasing an additional 152,100 shares during the period. Nykredit A S bought a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at about $34,040,000. Finally, Pelham Capital Ltd. raised its holdings in shares of O’Reilly Automotive by 25.9% in the 2nd quarter. Pelham Capital Ltd. now owns 163,377 shares of the specialty retailer’s stock valued at $15,045,000 after purchasing an additional 33,610 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Insider Transactions at O’Reilly Automotive

In related news, SVP Larry Gray sold 7,750 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $90.22, for a total transaction of $699,205.00. Following the sale, the senior vice president directly owned 4,971 shares of the company’s stock, valued at approximately $448,483.62. This represents a 60.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Gregory L. Henslee sold 138,705 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $91.75, for a total value of $12,726,183.75. Following the sale, the chairman owned 241,950 shares in the company, valued at $22,198,912.50. This trade represents a 36.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 148,655 shares of company stock valued at $13,623,283. 0.77% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Evercore reaffirmed an “outperform” rating on shares of O’Reilly Automotive in a research report on Monday, October 26th. Roth Capital reiterated a “buy” rating and set a $111.00 price objective (up from $109.00) on shares of O’Reilly Automotive in a research note on Friday, July 31st. Morgan Stanley cut their price objective on shares of O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. DA Davidson reissued a “buy” rating and issued a $106.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, September 16th. Finally, Wolfe Research set a $98.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

O’Reilly Automotive Stock Up 1.3%

NASDAQ ORLY opened at $90.54 on Thursday. The firm has a market cap of $72.62 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.55. The company has a 50 day moving average price of $87.42 and a 200 day moving average price of $90.30. O’Reilly Automotive, Inc. has a 52 week low of $82.59 and a 52 week high of $102.46.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.02 billion. O’Reilly Automotive had a net margin of 14.27% and a negative return on equity of 188.24%. O’Reilly Automotive’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 3.31 earnings per share for the current fiscal year.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc. is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops. The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers. Founded in 1957 by Charles F. O’Reilly and his son Charles H. O’Reilly, the company opened its first store in Springfield, Missouri.