Brooklyn Investment Group Raises Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Brooklyn Investment Group raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 16.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 564 shares of the specialty retailer’s stock after buying an additional 78 shares during the period. Brooklyn Investment Group’s holdings in O’Reilly Automotive were worth $650,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank Pictet & Cie Asia Ltd. purchased a new stake in O’Reilly Automotive during the second quarter valued at $800,000. Handelsbanken Fonder AB raised its position in O’Reilly Automotive by 2.5% in the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock worth $34,507,000 after acquiring an additional 727 shares during the period. Assetmark Inc. raised its position in O’Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after acquiring an additional 3,193 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of O’Reilly Automotive by 90.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock worth $15,458,000 after acquiring an additional 6,954 shares during the last quarter. Finally, Marshfield Associates grew its position in shares of O’Reilly Automotive by 0.6% during the 2nd quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock valued at $319,866,000 after acquiring an additional 1,718 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Up 0.9 %

ORLY opened at $1,238.76 on Tuesday. The business has a fifty day moving average of $1,181.53 and a 200 day moving average of $1,103.72. The stock has a market cap of $71.51 billion, a P/E ratio of 30.65, a PEG ratio of 2.49 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the business earned $10.72 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ORLY shares. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. DA Davidson reiterated a “buy” rating and set a $1,275.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley lifted their price target on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Evercore ISI increased their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive 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.