Sequoia Financial Advisors LLC maintained its position in O'Reilly Automotive Inc (NASDAQ:ORLY) during the second quarter, Holdings Channel reports. The firm owned 742 shares of the company’s stock at the end of the second quarter. Sequoia Financial Advisors LLC’s holdings in O'Reilly Automotive were worth $201,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sun Life Financial INC acquired a new position in shares of O'Reilly Automotive during the first quarter valued at approximately $81,824,000. Proficio Capital Partners LLC increased its position in shares of O'Reilly Automotive by 9.8% in the second quarter. Proficio Capital Partners LLC now owns 359 shares of the company’s stock valued at $104,000 after buying an additional 32 shares during the last quarter. Financial Architects Inc increased its position in shares of O'Reilly Automotive by 93.2% in the second quarter. Financial Architects Inc now owns 593 shares of the company’s stock valued at $161,000 after buying an additional 286 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of O'Reilly Automotive during the first quarter valued at approximately $164,000. Finally, Cypress Wealth Advisors LLC acquired a new position in shares of O'Reilly Automotive during the first quarter valued at approximately $211,000. 89.53% of the stock is owned by institutional investors and hedge funds.
Shares of O'Reilly Automotive Inc (NASDAQ:ORLY) traded up 0.15% during trading on Friday, hitting $279.32. The stock had a trading volume of 517,451 shares. O'Reilly Automotive Inc has a 52 week low of $225.12 and a 52 week high of $292.84. The firm has a 50 day moving average price of $278.93 and a 200-day moving average price of $273.41. The stock has a market capitalization of $26.52 billion, a price-to-earnings ratio of 27.77 and a beta of 0.74.
O'Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $2.65 EPS for the quarter, missing the Zacks’ consensus estimate of $2.68 by $0.03. The company earned $2.18 billion during the quarter, compared to analysts’ expectations of $2.19 billion. O'Reilly Automotive had a return on equity of 52.57% and a net margin of 12.02%. O'Reilly Automotive’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $2.29 earnings per share. On average, equities research analysts forecast that O'Reilly Automotive Inc will post $10.74 EPS for the current fiscal year.
Several research firms have recently weighed in on ORLY. Deutsche Bank AG restated a “buy” rating on shares of O'Reilly Automotive in a report on Sunday, July 10th. JPMorgan Chase & Co. boosted their price target on O'Reilly Automotive from $280.00 to $295.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Vetr cut O'Reilly Automotive from a “buy” rating to a “hold” rating and set a $300.40 price target on the stock. in a report on Monday, August 1st. Zacks Investment Research upgraded O'Reilly Automotive from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Finally, Citigroup Inc. boosted their price target on O'Reilly Automotive from $310.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $303.47.
In other O'Reilly Automotive news, EVP Jeff M. Shaw sold 10,000 shares of O'Reilly Automotive stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $290.00, for a total value of $2,900,000.00. Following the transaction, the executive vice president now directly owns 34,118 shares of the company’s stock, valued at approximately $9,894,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brad W. Beckham sold 4,000 shares of O'Reilly Automotive stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $285.49, for a total value of $1,141,960.00. Following the completion of the transaction, the senior vice president now directly owns 4,338 shares in the company, valued at $1,238,455.62. The disclosure for this sale can be found here. 3.37% of the stock is owned by company insiders.
About O'Reilly Automotive
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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