First Trust Advisors LP Has $15.26 Million Stake in O’Reilly Automotive Inc (ORLY)

First Trust Advisors LP grew its position in O’Reilly Automotive Inc (NASDAQ:ORLY) by 11.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,946 shares of the specialty retailer’s stock after acquiring an additional 4,652 shares during the period. First Trust Advisors LP owned about 0.05% of O’Reilly Automotive worth $15,263,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Morgan Stanley lifted its stake in shares of O’Reilly Automotive by 100.8% in the second quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock valued at $143,236,000 after purchasing an additional 262,779 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of O’Reilly Automotive by 18,926.9% in the second quarter. Cornerstone Wealth Management LLC now owns 184,751 shares of the specialty retailer’s stock valued at $673,000 after purchasing an additional 183,780 shares during the period. Waddell & Reed Financial Inc. lifted its stake in shares of O’Reilly Automotive by 25.1% in the second quarter. Waddell & Reed Financial Inc. now owns 594,457 shares of the specialty retailer’s stock valued at $162,626,000 after purchasing an additional 119,235 shares during the period. American Century Companies Inc. lifted its stake in shares of O’Reilly Automotive by 10.5% in the second quarter. American Century Companies Inc. now owns 1,110,755 shares of the specialty retailer’s stock valued at $303,869,000 after purchasing an additional 105,794 shares during the period. Finally, Glenmede Trust Co. NA lifted its stake in shares of O’Reilly Automotive by 690.3% in the second quarter. Glenmede Trust Co. NA now owns 119,594 shares of the specialty retailer’s stock valued at $32,718,000 after purchasing an additional 104,461 shares during the period. 85.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of ORLY opened at $354.74 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.91 and a debt-to-equity ratio of 6.37. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 1.32 and a beta of 1.07. O’Reilly Automotive Inc has a 12-month low of $210.04 and a 12-month high of $356.26.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.19. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.49 billion. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. As a group, research analysts anticipate that O’Reilly Automotive Inc will post 16.1 earnings per share for the current year.

Several brokerages recently commented on ORLY. Morgan Stanley raised their price objective on shares of O’Reilly Automotive from $290.00 to $310.00 and gave the company an “equal weight” rating in a research note on Thursday, July 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $350.00 price objective on shares of O’Reilly Automotive in a research note on Friday, July 27th. BidaskClub upgraded shares of O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 7th. Bank of America reiterated a “top pick” rating and issued a $390.00 price objective (up previously from $330.00) on shares of O’Reilly Automotive in a research note on Monday, September 17th. Finally, ValuEngine upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $340.63.

In other O’Reilly Automotive news, SVP Jeremy Adam Fletcher sold 2,500 shares of O’Reilly Automotive stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $335.00, for a total transaction of $837,500.00. Following the completion of the transaction, the senior vice president now owns 3,428 shares in the company, valued at $1,148,380. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 27,500 shares of O’Reilly Automotive stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $320.78, for a total transaction of $8,821,450.00. Following the transaction, the chairman now owns 114,815 shares of the company’s stock, valued at approximately $36,830,355.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,561 shares of company stock valued at $21,711,903. 3.12% of the stock is currently owned by company insiders.

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O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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