Sigma Investment Counselors Inc. Invests $221,000 in O’Reilly Automotive Inc (ORLY) Stock

Sigma Investment Counselors Inc. purchased a new stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 570 shares of the specialty retailer’s stock, valued at approximately $221,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc increased its position in shares of O’Reilly Automotive by 0.5% in the third quarter. Vanguard Group Inc now owns 5,891,448 shares of the specialty retailer’s stock valued at $2,046,218,000 after buying an additional 30,192 shares in the last quarter. Polen Capital Management LLC increased its position in shares of O’Reilly Automotive by 2.0% in the fourth quarter. Polen Capital Management LLC now owns 2,881,956 shares of the specialty retailer’s stock valued at $992,344,000 after buying an additional 57,538 shares in the last quarter. FMR LLC increased its position in shares of O’Reilly Automotive by 80.9% in the fourth quarter. FMR LLC now owns 1,163,828 shares of the specialty retailer’s stock valued at $400,741,000 after buying an additional 520,302 shares in the last quarter. Geode Capital Management LLC increased its position in shares of O’Reilly Automotive by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 1,121,559 shares of the specialty retailer’s stock valued at $385,559,000 after buying an additional 100,713 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of O’Reilly Automotive by 3.3% in the fourth quarter. Northern Trust Corp now owns 1,078,886 shares of the specialty retailer’s stock valued at $371,494,000 after buying an additional 34,966 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

ORLY has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on O’Reilly Automotive from $422.00 to $454.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Morgan Stanley boosted their price objective on O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Credit Suisse Group restated a “hold” rating and issued a $318.00 price objective on shares of O’Reilly Automotive in a research report on Tuesday, February 5th. Oppenheimer cut O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research report on Friday, February 8th. Finally, Zacks Investment Research cut O’Reilly Automotive from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. O’Reilly Automotive currently has an average rating of “Buy” and an average price target of $379.13.

Shares of ORLY opened at $379.96 on Monday. The company has a debt-to-equity ratio of 9.29, a current ratio of 0.84 and a quick ratio of 0.09. O’Reilly Automotive Inc has a one year low of $254.09 and a one year high of $414.63. The company has a market cap of $29.78 billion, a P/E ratio of 23.60, a PEG ratio of 1.39 and a beta of 0.85.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $4.05. O’Reilly Automotive had a return on equity of 333.23% and a net margin of 13.87%. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the business earned $3.61 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities analysts predict that O’Reilly Automotive Inc will post 17.77 EPS for the current year.

In other O’Reilly Automotive news, COO Jeff M. Shaw sold 3,615 shares of the business’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $375.35, for a total transaction of $1,356,890.25. Following the transaction, the chief operating officer now owns 27,832 shares of the company’s stock, valued at $10,446,741.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brad W. Beckham sold 5,000 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $370.71, for a total value of $1,853,550.00. Following the transaction, the executive vice president now directly owns 5,454 shares in the company, valued at approximately $2,021,852.34. The disclosure for this sale can be found here. Insiders have sold 119,273 shares of company stock valued at $44,907,567 over the last quarter. 2.52% of the stock is owned by company insiders.

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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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; 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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