Benjamin Edwards Inc. Buys 3,075 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Benjamin Edwards Inc. raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6,406.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,123 shares of the specialty retailer’s stock after acquiring an additional 3,075 shares during the period. Benjamin Edwards Inc.’s holdings in O’Reilly Automotive were worth $3,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Erste Asset Management GmbH bought a new position in O’Reilly Automotive during the 3rd quarter valued at about $11,460,000. L.M. Kohn & Company grew its stake in shares of O’Reilly Automotive by 1.4% during the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock valued at $753,000 after buying an additional 9 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of O’Reilly Automotive by 405.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,826 shares of the specialty retailer’s stock worth $20,528,000 after buying an additional 14,300 shares during the period. Eventide Asset Management LLC lifted its stake in shares of O’Reilly Automotive by 3.4% during the 3rd quarter. Eventide Asset Management LLC now owns 34,638 shares of the specialty retailer’s stock worth $39,889,000 after acquiring an additional 1,147 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in shares of O’Reilly Automotive by 42.1% during the 3rd quarter. Verition Fund Management LLC now owns 9,671 shares of the specialty retailer’s stock worth $11,137,000 after acquiring an additional 2,865 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

In related news, Director Andrea Weiss sold 600 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,247.99 on Wednesday. The company’s 50-day simple moving average is $1,196.23 and its 200-day simple moving average is $1,113.60. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.40. The stock has a market capitalization of $72.05 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.53 and a beta of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $10.72 earnings per share. On average, research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Analyst Ratings Changes

ORLY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. TD Cowen lifted their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada upped their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Four 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, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average price target of $1,248.06.

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.