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

Empirical Finance LLC boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,133 shares of the specialty retailer’s stock after buying an additional 40 shares during the period. Empirical Finance LLC’s holdings in O’Reilly Automotive were worth $2,456,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Trifecta Capital Advisors LLC increased its holdings in shares of O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 23 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of O’Reilly Automotive during the third quarter valued at $41,000. Crewe Advisors LLC acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at $43,000. Kings Path Partners LLC purchased a new position in O’Reilly Automotive in the 2nd quarter worth about $44,000. Finally, ORG Partners LLC purchased a new position in O’Reilly Automotive in the 2nd quarter worth about $48,000. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Down 0.9 %

ORLY stock opened at $1,213.37 on Friday. The firm has a 50 day moving average of $1,170.83 and a two-hundred day moving average of $1,094.28. 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 capitalization of $70.05 billion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (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 firm posted $10.72 EPS. On average, research analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley raised their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Bank of America raised their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Roth Mkm restated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Royal Bank of Canada lifted their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, DA Davidson reissued a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Transactions at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was 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 of the company’s stock, valued at $158,511,717.28. This represents a 8.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,322 shares of company stock worth $18,280,698. 1.55% of the stock is 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.