O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by Empirical Finance LLC

Empirical Finance LLC lifted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,133 shares of the specialty retailer’s stock after acquiring an additional 40 shares during the period. Empirical Finance LLC’s holdings in O’Reilly Automotive were worth $2,456,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Kingsview Wealth Management LLC purchased a new position in O’Reilly Automotive in the 1st quarter worth approximately $254,000. Nicolet Advisory Services LLC grew its holdings in O’Reilly Automotive by 14.0% during the 1st quarter. Nicolet Advisory Services LLC now owns 612 shares of the specialty retailer’s stock valued at $671,000 after purchasing an additional 75 shares in the last quarter. JPMorgan Chase & Co. increased its stake in O’Reilly Automotive by 56.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after buying an additional 376,167 shares during the period. Spirepoint Private Client LLC acquired a new position in O’Reilly Automotive in the 1st quarter worth $601,000. Finally, Vanguard Group Inc. boosted its position in O’Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after buying an additional 75,837 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 0.9 %

Shares of NASDAQ 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 company has a market cap of $70.05 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. The stock’s 50 day simple moving average is $1,170.83 and its 200 day simple moving average is $1,094.28.

O’Reilly Automotive (NASDAQ:ORLY) last issued 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). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the business earned $10.72 earnings per share. O’Reilly Automotive’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ORLY shares. Truist Financial lifted their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Evercore ISI raised their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Four 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’s stock. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

Insider Activity at O’Reilly Automotive

In other news, Chairman David E. Oreilly sold 1,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the transaction, the chairman now owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the transaction, the director now directly owns 141,589 shares in the company, valued at $158,511,717.28. This trade represents a 8.86 % decrease in their ownership of the stock. 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 in the last ninety days. 1.55% of the stock is owned by insiders.

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.