Citigroup Inc. Buys 5,740 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Citigroup Inc. boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 112,427 shares of the specialty retailer’s stock after acquiring an additional 5,740 shares during the quarter. Citigroup Inc.’s holdings in O’Reilly Automotive were worth $129,471,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in O’Reilly Automotive by 3.2% in the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after acquiring an additional 57,194 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of O’Reilly Automotive by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock worth $1,505,649,000 after purchasing an additional 19,211 shares in the last quarter. International Assets Investment Management LLC grew its position in O’Reilly Automotive by 99,957.0% in the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after purchasing an additional 853,633 shares during the period. Massachusetts Financial Services Co. MA increased its stake in O’Reilly Automotive by 28.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after purchasing an additional 133,139 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in O’Reilly Automotive by 5.2% during the second quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock worth $524,629,000 after buying an additional 24,767 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ORLY. Bank of America lifted their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Evercore ISI boosted their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,227.37 on Friday. The stock has a fifty day moving average of $1,179.37 and a 200-day moving average of $1,101.12. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30. The company has a market capitalization of $70.86 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 2.44 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. O’Reilly Automotive’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.72 EPS. Equities analysts predict that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

O’Reilly Automotive Company 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.