O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by Deltec Asset Management LLC

Deltec Asset Management LLC boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 526.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,700 shares of the specialty retailer’s stock after buying an additional 3,950 shares during the period. O’Reilly Automotive makes up approximately 1.0% of Deltec Asset Management LLC’s investment portfolio, making the stock its 29th largest holding. Deltec Asset Management LLC’s holdings in O’Reilly Automotive were worth $4,963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Groesbeck Investment Management Corp NJ boosted its stake in shares of O’Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after buying an additional 10 shares during the last quarter. Lindbrook Capital LLC boosted its position in O’Reilly Automotive by 3.9% in the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after purchasing an additional 10 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of O’Reilly Automotive by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after purchasing an additional 10 shares during the period. Industrial Alliance Investment Management Inc. grew its stake in shares of O’Reilly Automotive by 2.6% during 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 during the period. Finally, Marcum Wealth LLC increased its holdings in shares of O’Reilly Automotive by 5.1% during the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded up $14.50 during trading on Wednesday, hitting $1,129.22. 358,385 shares of the company were exchanged, compared to its average volume of 396,410. The company has a fifty day moving average price of $1,056.59 and a 200-day moving average price of $1,058.02. The firm has a market capitalization of $66.50 billion, a PE ratio of 28.29, a P/E/G ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period last year, the firm earned $10.22 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts anticipate that O’Reilly Automotive, Inc. will post 41.14 earnings per share for the current fiscal year.

Insider Activity 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 stock was 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 owns 265 shares of the company’s stock, valued at $296,800. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the transaction, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,589 shares of company stock worth $39,989,614. Insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ORLY. DA Davidson increased their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI lowered their price target on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 16th. Wedbush restated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. UBS Group decreased their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,130.67.

O’Reilly Automotive Company 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.