Lake Street Advisors Group LLC Has $702,000 Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Lake Street Advisors Group LLC lifted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 610 shares of the specialty retailer’s stock after acquiring an additional 25 shares during the period. Lake Street Advisors Group LLC’s holdings in O’Reilly Automotive were worth $702,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ORLY. Trifecta Capital Advisors LLC increased its stake in O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 23 shares during the period. Crewe Advisors LLC acquired a new position in O’Reilly Automotive in the first quarter valued at about $43,000. Kings Path Partners LLC bought a new stake in O’Reilly Automotive during the second quarter worth about $44,000. ORG Partners LLC acquired a new stake in O’Reilly Automotive during the second quarter worth about $48,000. Finally, Boit C F David bought a new position in O’Reilly Automotive in the 1st quarter valued at about $56,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 265 shares in the company, valued at approximately $296,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dana Perlman sold 48 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,411 shares of company stock valued at $56,846,062. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Trading Down 0.4 %

Shares of ORLY stock opened at $1,195.22 on Friday. The stock has a 50-day moving average of $1,149.00 and a 200-day moving average of $1,081.47. The stock has a market cap of $69.33 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.29 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1-year low of $895.88 and a 1-year high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last released 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 negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the business posted $10.72 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Sell-side analysts forecast that O’Reilly Automotive, Inc. will post 41.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Roth Mkm reissued a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 16th. UBS Group dropped their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Finally, DA Davidson reiterated a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a research report on Thursday. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

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.