Pointe Capital Management LLC Has $811,000 Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pointe Capital Management LLC lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 704 shares of the specialty retailer’s stock after purchasing an additional 57 shares during the period. Pointe Capital Management LLC’s holdings in O’Reilly Automotive were worth $811,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Custom Index Systems LLC lifted its holdings in O’Reilly Automotive by 49.1% in the third quarter. Custom Index Systems LLC now owns 926 shares of the specialty retailer’s stock valued at $1,066,000 after buying an additional 305 shares during the period. TCV Trust & Wealth Management Inc. lifted its holdings in O’Reilly Automotive by 2.7% in the third quarter. TCV Trust & Wealth Management Inc. now owns 8,170 shares of the specialty retailer’s stock valued at $9,409,000 after buying an additional 213 shares during the period. Mattern Capital Management LLC lifted its holdings in O’Reilly Automotive by 19.9% in the third quarter. Mattern Capital Management LLC now owns 320 shares of the specialty retailer’s stock valued at $369,000 after buying an additional 53 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in O’Reilly Automotive by 51.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,120 shares of the specialty retailer’s stock valued at $25,474,000 after buying an additional 7,482 shares during the period. Finally, Forsta AP Fonden lifted its holdings in O’Reilly Automotive by 11.1% in the third quarter. Forsta AP Fonden now owns 12,000 shares of the specialty retailer’s stock valued at $13,819,000 after buying an additional 1,200 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Down 0.4 %

Shares of O’Reilly Automotive stock traded down $4.55 during trading on Friday, hitting $1,195.22. 238,279 shares of the stock were exchanged, compared to its average volume of 374,296. The stock has a market capitalization of $69.33 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92. The company has a fifty day moving average price of $1,150.51 and a 200-day moving average price of $1,081.98. 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 data 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 for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $10.72 earnings per share. Equities research analysts forecast that O’Reilly Automotive, Inc. will post 41.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ORLY. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Royal Bank of Canada lifted their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday. TD Cowen lifted their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Bank of America lifted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,242.13.

Insider Transactions at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 413 shares of the business’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 directly owns 265 shares in the company, valued at $296,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive 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 completion of the sale, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dana Perlman sold 48 shares of O’Reilly Automotive 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 sale, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock worth $56,846,062 in the last ninety days. Insiders own 1.55% of the company’s stock.

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.