O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 93.4% in the third quarter, HoldingsChannel.com reports. The firm owned 7,513 shares of the specialty retailer’s stock after buying an additional 3,628 shares during the period. Quantbot Technologies LP’s holdings in O’Reilly Automotive were worth $8,652,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ORLY. Darwin Wealth Management LLC bought a new position in O’Reilly Automotive during the third quarter valued at about $32,000. Trifecta Capital Advisors LLC lifted its holdings in O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in O’Reilly Automotive in the 3rd quarter valued at about $37,000. Princeton Global Asset Management LLC bought a new position in shares of O’Reilly Automotive during the 3rd quarter valued at about $41,000. Finally, Kings Path Partners LLC acquired a new position in shares of O’Reilly Automotive in the 2nd quarter worth approximately $44,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,238.76 on Tuesday. The company has a market capitalization of $71.51 billion, a PE ratio of 30.65, a PEG ratio of 2.49 and a beta of 0.92. The company’s 50 day moving average price is $1,181.53 and its 200 day moving average price is $1,103.72. 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 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the firm earned $10.72 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on ORLY shares. Roth Mkm reissued a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company raised their price objective 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. TD Cowen boosted their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI increased their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Four equities research 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 company. According to data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus target price 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.