Marshall Wace LLP Takes $6.96 Million Position in O’Reilly Automotive Inc (ORLY)

Marshall Wace LLP purchased a new position in O’Reilly Automotive Inc (NASDAQ:ORLY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,455 shares of the specialty retailer’s stock, valued at approximately $6,964,000.

A number of other hedge funds also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its holdings in shares of O’Reilly Automotive by 503.8% in the 2nd quarter. Victory Capital Management Inc. now owns 48,592 shares of the specialty retailer’s stock valued at $13,293,000 after buying an additional 40,544 shares in the last quarter. Madison Investment Holdings Inc. boosted its holdings in shares of O’Reilly Automotive by 6.2% in the 2nd quarter. Madison Investment Holdings Inc. now owns 248,277 shares of the specialty retailer’s stock valued at $67,921,000 after buying an additional 14,576 shares in the last quarter. Pettyjohn Wood & White Inc. boosted its holdings in shares of O’Reilly Automotive by 15.6% in the 2nd quarter. Pettyjohn Wood & White Inc. now owns 1,780 shares of the specialty retailer’s stock valued at $487,000 after buying an additional 240 shares in the last quarter. Morgan Stanley boosted its holdings in shares of O’Reilly Automotive by 100.8% in the 2nd quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock valued at $143,236,000 after buying an additional 262,779 shares in the last quarter. Finally, Horrell Capital Management Inc. boosted its holdings in shares of O’Reilly Automotive by 4.1% in the 2nd quarter. Horrell Capital Management Inc. now owns 21,449 shares of the specialty retailer’s stock valued at $5,868,000 after buying an additional 844 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on ORLY. Zacks Investment Research cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. BidaskClub cut shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 15th. Bank of America reiterated a “top pick” rating and issued a $390.00 target price (up from $330.00) on shares of O’Reilly Automotive in a research note on Monday, September 17th. Oppenheimer lifted their target price on shares of O’Reilly Automotive from $305.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 8th. Finally, Wells Fargo & Co restated a “buy” rating and set a $345.00 price objective on shares of O’Reilly Automotive in a research note on Tuesday, August 7th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $327.44.

Shares of NASDAQ ORLY opened at $344.34 on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.92 and a debt-to-equity ratio of 8.45. The company has a market cap of $27.98 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 1.39 and a beta of 0.98. O’Reilly Automotive Inc has a 12 month low of $190.00 and a 12 month high of $351.65.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 25th. The specialty retailer reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.04 by $0.24. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.43 billion. O’Reilly Automotive had a net margin of 13.42% and a return on equity of 229.48%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.10 EPS. As a group, equities research analysts forecast that O’Reilly Automotive Inc will post 15.91 earnings per share for the current year.

In related news, Director John Raymond Murphy sold 400 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $331.28, for a total value of $132,512.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeremy Adam Fletcher sold 2,500 shares of the business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $335.00, for a total transaction of $837,500.00. Following the completion of the sale, the senior vice president now directly owns 3,428 shares of the company’s stock, valued at approximately $1,148,380. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,181 shares of company stock valued at $46,483,232. Insiders own 3.07% of the company’s stock.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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