Fortis Capital Management LLC Increases Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Fortis Capital Management LLC grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 80.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,355 shares of the specialty retailer’s stock after purchasing an additional 1,937 shares during the quarter. O’Reilly Automotive comprises approximately 1.0% of Fortis Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Fortis Capital Management LLC’s holdings in O’Reilly Automotive were worth $5,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ORLY. Avantax Advisory Services Inc. boosted its holdings in O’Reilly Automotive by 6.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 1,384 shares of the specialty retailer’s stock valued at $1,562,000 after purchasing an additional 80 shares during the last quarter. Bleakley Financial Group LLC grew its position in O’Reilly Automotive by 2.5% in the first quarter. Bleakley Financial Group LLC now owns 1,150 shares of the specialty retailer’s stock worth $1,298,000 after acquiring an additional 28 shares during the period. HBK Sorce Advisory LLC increased its stake in O’Reilly Automotive by 9.7% during the first quarter. HBK Sorce Advisory LLC now owns 462 shares of the specialty retailer’s stock worth $522,000 after acquiring an additional 41 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in O’Reilly Automotive in the first quarter valued at $254,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at $36,176,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,238.78 on Thursday. The company has a fifty day moving average of $1,165.19 and a two-hundred day moving average of $1,091.11. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,252.54. The company has a market capitalization of $71.51 billion, a PE ratio of 30.65, a P/E/G ratio of 2.51 and a beta of 0.92.

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 analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.72 EPS. On average, research analysts expect that O’Reilly Automotive, Inc. will post 40.81 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In related news, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the transaction, the director now owns 141,589 shares of the company’s stock, valued at $158,511,717.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Chairman David E. Oreilly sold 1,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the transaction, the chairman now directly owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the transaction, the director now directly owns 141,589 shares of the company’s stock, valued at $158,511,717.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,322 shares of company stock worth $18,280,698 in the last 90 days. 1.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of recent analyst reports. Evercore ISI boosted their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Morgan Stanley increased their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. TD Cowen lifted their target price 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. Finally, UBS Group lowered their price target 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. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

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.