Sumitomo Mitsui DS Asset Management Company Ltd Acquires 27 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,284 shares of the specialty retailer’s stock after purchasing an additional 27 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in O’Reilly Automotive were worth $8,388,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC grew its position in O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after purchasing an additional 9 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its position in O’Reilly Automotive by 2.6% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after purchasing an additional 10 shares in the last quarter. Marcum Wealth LLC grew its position in O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after purchasing an additional 10 shares in the last quarter. Ausdal Financial Partners Inc. grew its position in O’Reilly Automotive by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 10 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in O’Reilly Automotive by 3.7% in the 1st quarter. Arkadios Wealth Advisors now owns 306 shares of the specialty retailer’s stock worth $345,000 after purchasing an additional 11 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $1,337.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday. 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 note on Thursday, August 22nd. Royal Bank of Canada decreased their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Wedbush restated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,206.87.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at $296,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 in the last three months. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Trading Up 0.6 %

ORLY opened at $1,210.96 on Friday. The company has a 50 day moving average of $1,142.14 and a 200 day moving average of $1,079.15. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,221.05. The company has a market cap of $70.25 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same period in the previous year, the business earned $10.22 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts forecast that O’Reilly Automotive, Inc. will post 41.1 earnings per share for the current fiscal year.

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.