Metis Global Partners LLC Buys 9 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Metis Global Partners LLC raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,863 shares of the specialty retailer’s stock after buying an additional 9 shares during the period. Metis Global Partners LLC’s holdings in O’Reilly Automotive were worth $2,145,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Asset Dedication LLC grew its position in O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after acquiring an additional 9 shares during the last quarter. Marks Group Wealth Management Inc grew its position in shares of O’Reilly Automotive by 1.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock worth $697,000 after buying an additional 9 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of O’Reilly Automotive by 8.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock worth $132,000 after buying an additional 9 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its position in shares of O’Reilly Automotive by 2.6% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after buying an additional 10 shares in the last quarter. Finally, Marcum Wealth LLC grew its position in shares of O’Reilly Automotive by 5.1% during the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after buying an additional 10 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ORLY shares. Bank of America increased their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Morgan Stanley increased their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased 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. TD Cowen increased their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company increased their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,242.13.

O’Reilly Automotive Trading Down 0.9 %

Shares of ORLY opened at $1,213.37 on Friday. O’Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,255.30. The stock’s 50 day moving average is $1,168.95 and its two-hundred day moving average is $1,093.06. The firm has a market cap of $70.05 billion, a P/E ratio of 30.02, a PEG ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS 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 analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $10.72 earnings per share. Equities research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Insider Activity

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman David E. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares in the company, valued at $205,407,347.04. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,322 shares of company stock worth $18,280,698 over the last quarter. 1.55% of the stock is currently owned by corporate insiders.

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.