Empowered Funds LLC Raises Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Empowered Funds LLC grew its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% in the third quarter, Holdings Channel reports. The fund owned 4,500 shares of the specialty retailer’s stock after purchasing an additional 103 shares during the period. Empowered Funds LLC’s holdings in O’Reilly Automotive were worth $5,182,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ORLY. Bank Pictet & Cie Asia Ltd. purchased a new position in O’Reilly Automotive in the second quarter worth approximately $800,000. Handelsbanken Fonder AB lifted its stake in shares of O’Reilly Automotive by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after purchasing an additional 727 shares during the last quarter. Assetmark Inc. grew its holdings in shares of O’Reilly Automotive by 20.8% during the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after purchasing an additional 3,193 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of O’Reilly Automotive by 5.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after purchasing an additional 701 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in O’Reilly Automotive by 90.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock valued at $15,458,000 after buying an additional 6,954 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ORLY shares. Evercore ISI increased their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. 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. Wells Fargo & Company upped their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. DA Davidson reaffirmed a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Buying and Selling

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Trading Down 0.9 %

Shares of NASDAQ:ORLY opened at $1,213.37 on Monday. The company has a market cap of $70.05 billion, a PE ratio of 30.02, a P/E/G ratio of 2.46 and a beta of 0.92. The company’s 50 day moving average is $1,170.83 and its two-hundred day moving average is $1,095.48. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.72 earnings per share. As a group, equities research analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

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.