Patton Fund Management Inc. increased its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,565 shares of the specialty retailer’s stock after purchasing an additional 40 shares during the quarter. Patton Fund Management Inc.’s holdings in O’Reilly Automotive were worth $2,439,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC increased its position in O’Reilly Automotive by 94.6% in the 3rd quarter. Squar Milner Financial Services LLC now owns 144 shares of the specialty retailer’s stock valued at $57,000 after acquiring an additional 70 shares during the period. Hall Laurie J Trustee increased its position in O’Reilly Automotive by 20.8% in the 3rd quarter. Hall Laurie J Trustee now owns 145 shares of the specialty retailer’s stock valued at $58,000 after acquiring an additional 25 shares during the period. Allred Capital Management LLC acquired a new position in O’Reilly Automotive in the 4th quarter valued at approximately $65,000. WealthStone Inc. acquired a new position in O’Reilly Automotive in the 2nd quarter valued at approximately $67,000. Finally, Exchange Traded Concepts LLC acquired a new position in O’Reilly Automotive in the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 83.46% of the company’s stock.
In other news, Chairman David E. Oreilly sold 19,985 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $440.03, for a total transaction of $8,793,999.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Raymond Murphy sold 250 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $438.66, for a total transaction of $109,665.00. Following the sale, the director now owns 14,053 shares of the company’s stock, valued at $6,164,488.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,652 shares of company stock valued at $34,559,738. 2.52% of the stock is currently owned by corporate insiders.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $5.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.79 by $0.29. O’Reilly Automotive had a net margin of 13.69% and a return on equity of 527.13%. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the company posted $4.50 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts forecast that O’Reilly Automotive Inc will post 17.9 earnings per share for the current fiscal year.
ORLY has been the subject of several recent research reports. Atlantic Securities cut shares of O’Reilly Automotive from a “neutral” rating to an “underweight” rating and set a $393.00 price target for the company. in a research report on Thursday. Nomura initiated coverage on shares of O’Reilly Automotive in a research report on Thursday, November 7th. They issued a “neutral” rating and a $1,250.00 price target for the company. Evercore ISI upgraded shares of O’Reilly Automotive from an “in-line” rating to an “outperform” rating in a research report on Thursday, January 9th. Wells Fargo & Co restated a “buy” rating and issued a $485.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, January 8th. Finally, BidaskClub cut shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. O’Reilly Automotive currently has a consensus rating of “Hold” and a consensus price target of $493.07.
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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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