O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 28.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 601,612 shares of the specialty retailer’s stock after purchasing an additional 133,139 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.04% of O’Reilly Automotive worth $692,816,000 as of its most recent SEC filing.

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

Insider Activity at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ORLY. Barclays upped their target price on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Evercore ISI increased their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Roth Mkm reissued a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Wedbush reaffirmed a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Finally, Bank of America lifted their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Stock Up 1.3 %

NASDAQ:ORLY opened at $1,204.61 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,255.30. The stock has a fifty day simple moving average of $1,177.33 and a 200-day simple moving average of $1,099.65. The company has a market capitalization of $69.54 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 2.44 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results 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). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period last year, the company earned $10.72 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

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.