Truvestments Capital LLC Acquires 17 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Truvestments Capital LLC increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216 shares of the specialty retailer’s stock after acquiring an additional 17 shares during the period. Truvestments Capital LLC’s holdings in O’Reilly Automotive were worth $249,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its position in shares of O’Reilly Automotive by 5.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,944 shares of the specialty retailer’s stock valued at $2,195,000 after purchasing an additional 97 shares during the last quarter. Tidal Investments LLC raised its stake in shares of O’Reilly Automotive by 191.4% in the first quarter. Tidal Investments LLC now owns 6,566 shares of the specialty retailer’s stock valued at $7,427,000 after acquiring an additional 4,313 shares during the period. SkyView Investment Advisors LLC purchased a new position in shares of O’Reilly Automotive during the 1st quarter worth about $853,000. Beacon Capital Management LLC grew its holdings in O’Reilly Automotive by 76.3% during the 1st quarter. Beacon Capital Management LLC now owns 67 shares of the specialty retailer’s stock valued at $76,000 after purchasing an additional 29 shares during the last quarter. Finally, Vista Investment Partners LLC raised its position in O’Reilly Automotive by 0.3% in the 1st quarter. Vista Investment Partners LLC now owns 4,596 shares of the specialty retailer’s stock worth $5,188,000 after purchasing an additional 15 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

ORLY opened at $1,238.76 on Tuesday. The firm has a market capitalization of $71.51 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 2.49 and a beta of 0.92. The business’s 50-day moving average is $1,181.53 and its two-hundred day moving average is $1,103.72. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results 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). The firm had revenue of $4.36 billion during 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 firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.72 earnings per share. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ORLY. Bank of America boosted their target price on 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. Evercore ISI increased their target price on 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. Roth Mkm reissued a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company 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.