First Trust Direct Indexing L.P. Buys 128 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

First Trust Direct Indexing L.P. lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) by 17.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 879 shares of the specialty retailer’s stock after acquiring an additional 128 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in O’Reilly Automotive were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its position in shares of O’Reilly Automotive by 3.5% during the second quarter. State Street Corp now owns 2,514,123 shares of the specialty retailer’s stock worth $2,401,742,000 after buying an additional 85,062 shares during the period. Geode Capital Management LLC boosted its position in O’Reilly Automotive by 1.8% during the first quarter. Geode Capital Management LLC now owns 1,489,353 shares of the specialty retailer’s stock valued at $1,262,904,000 after acquiring an additional 26,201 shares during the last quarter. Morgan Stanley grew its holdings in O’Reilly Automotive by 113.8% during the 4th quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock worth $1,007,597,000 after acquiring an additional 635,416 shares during the period. Jennison Associates LLC raised its position in shares of O’Reilly Automotive by 14.0% in the 2nd quarter. Jennison Associates LLC now owns 815,321 shares of the specialty retailer’s stock worth $778,876,000 after acquiring an additional 100,263 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of O’Reilly Automotive by 128.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after acquiring an additional 386,822 shares in the last quarter. 82.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at O’Reilly Automotive

In other news, SVP Jonathan Wyatt Andrews sold 5,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $954.69, for a total transaction of $4,773,450.00. Following the completion of the transaction, the senior vice president now owns 627 shares in the company, valued at approximately $598,590.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Thomas Hendrickson sold 200 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $930.45, for a total value of $186,090.00. Following the completion of the transaction, the director now directly owns 1,215 shares of the company’s stock, valued at $1,130,496.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan Wyatt Andrews sold 5,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $954.69, for a total value of $4,773,450.00. Following the sale, the senior vice president now owns 627 shares in the company, valued at $598,590.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,913 shares of company stock worth $17,487,722. Insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORLY. StockNews.com initiated coverage on O’Reilly Automotive in a research note on Thursday, October 5th. They set a “buy” rating for the company. JPMorgan Chase & Co. lifted their price objective on shares of O’Reilly Automotive from $980.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. TD Cowen increased their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. Barclays boosted their target price on O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Finally, Oppenheimer cut O’Reilly Automotive from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $1,000.00 to $930.00 in a report on Friday, October 6th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,020.27.

Get Our Latest Stock Report on O’Reilly Automotive

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $953.06 on Friday. The firm has a market cap of $56.38 billion, a PE ratio of 25.35, a P/E/G ratio of 1.65 and a beta of 0.83. O’Reilly Automotive, Inc. has a 1 year low of $767.27 and a 1 year high of $1,005.96. The stock has a fifty day moving average price of $963.28 and a 200-day moving average price of $944.37.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last announced its quarterly earnings data on Thursday, October 26th. The specialty retailer reported $10.72 EPS for the quarter, topping the consensus estimate of $10.36 by $0.36. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.09 billion. O’Reilly Automotive had a net margin of 14.86% and a negative return on equity of 152.96%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.17 earnings per share. As a group, equities analysts anticipate that O’Reilly Automotive, Inc. will post 38.21 EPS for the current fiscal year.

O’Reilly Automotive Company Profile

(Free Report)

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 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.

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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