ICICI Prudential Asset Management Co Ltd Has $872,000 Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

ICICI Prudential Asset Management Co Ltd grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 17.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 757 shares of the specialty retailer’s stock after acquiring an additional 111 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in O’Reilly Automotive were worth $872,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ORLY. Avantax Advisory Services Inc. lifted its holdings in shares of O’Reilly Automotive by 6.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,384 shares of the specialty retailer’s stock valued at $1,562,000 after buying an additional 80 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of O’Reilly Automotive by 2.5% during the 1st quarter. Bleakley Financial Group LLC now owns 1,150 shares of the specialty retailer’s stock valued at $1,298,000 after buying an additional 28 shares during the last quarter. Dearborn Partners LLC lifted its holdings in shares of O’Reilly Automotive by 11.9% during the 1st quarter. Dearborn Partners LLC now owns 319 shares of the specialty retailer’s stock valued at $360,000 after buying an additional 34 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of O’Reilly Automotive by 7.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 72,927 shares of the specialty retailer’s stock valued at $82,326,000 after buying an additional 4,942 shares during the last quarter. Finally, Angeles Wealth Management LLC acquired a new stake in O’Reilly Automotive in the 1st quarter worth approximately $209,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

Shares of ORLY traded up $6.62 on Wednesday, reaching $1,243.47. 30,231 shares of the stock traded hands, compared to its average volume of 373,679. The firm has a market cap of $71.79 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 2.49 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,244.50. The stock’s 50-day moving average price is $1,165.19 and its 200-day moving average price is $1,091.11.

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 analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.72 earnings per share. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 40.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

ORLY has been the subject of several analyst reports. UBS Group reduced their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. 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. Evercore ISI boosted their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. DA Davidson restated a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Finally, Barclays boosted their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on 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 legal filing with the SEC, which is available through the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction on 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 owns 141,589 shares of the company’s stock, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold 16,322 shares of company stock worth $18,280,698 over the last three months. Company insiders own 1.18% of the company’s stock.

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.