Chartwell Investment Partners LLC Purchases 1,886 Shares of O’Reilly Automotive Inc (NASDAQ:ORLY)

Chartwell Investment Partners LLC boosted its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 35.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,273 shares of the specialty retailer’s stock after purchasing an additional 1,886 shares during the quarter. Chartwell Investment Partners LLC’s holdings in O’Reilly Automotive were worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. State of Michigan Retirement System boosted its position in O’Reilly Automotive by 9.0% during the second quarter. State of Michigan Retirement System now owns 18,907 shares of the specialty retailer’s stock valued at $7,973,000 after purchasing an additional 1,560 shares in the last quarter. Duality Advisers LP bought a new stake in O’Reilly Automotive during the second quarter valued at about $1,788,000. Pacer Advisors Inc. boosted its position in O’Reilly Automotive by 79.9% during the second quarter. Pacer Advisors Inc. now owns 12,193 shares of the specialty retailer’s stock valued at $5,141,000 after purchasing an additional 5,414 shares in the last quarter. Eos Focused Equity Management L.P. bought a new stake in O’Reilly Automotive during the second quarter valued at about $2,552,000. Finally, Shine Investment Advisory Services Inc. boosted its position in O’Reilly Automotive by 40.0% during the second quarter. Shine Investment Advisory Services Inc. now owns 133 shares of the specialty retailer’s stock valued at $56,000 after purchasing an additional 38 shares in the last quarter. 81.97% of the stock is currently owned by institutional investors.

NASDAQ:ORLY opened at $477.38 on Friday. The company has a debt-to-equity ratio of 9.81, a current ratio of 0.95 and a quick ratio of 0.14. The company has a 50 day moving average price of $428.48 and a 200-day moving average price of $392.96. O’Reilly Automotive Inc has a 1-year low of $251.51 and a 1-year high of $487.95. The firm has a market cap of $35.43 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.03 and a beta of 1.07.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 29th. The specialty retailer reported $7.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.10 by $3.00. O’Reilly Automotive had a net margin of 14.45% and a return on equity of 490.94%. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the firm posted $4.51 earnings per share. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, sell-side analysts anticipate that O’Reilly Automotive Inc will post 17.22 earnings per share for the current fiscal year.

ORLY has been the topic of a number of recent research reports. Nomura Securities dropped their price objective on O’Reilly Automotive from $360.00 to $350.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. BidaskClub upgraded O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 18th. Nomura Instinet increased their price target on O’Reilly Automotive from $372.00 to $390.00 and gave the company a “neutral” rating in a research note on Wednesday, May 20th. Guggenheim increased their price target on O’Reilly Automotive from $431.00 to $530.00 and gave the company a “buy” rating in a research note on Friday. Finally, Morgan Stanley increased their price target on O’Reilly Automotive from $395.00 to $470.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $441.42.

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 10,000 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $425.74, for a total transaction of $4,257,400.00. Following the completion of the transaction, the senior vice president now directly owns 10,807 shares in the company, valued at $4,600,972.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory D. Johnson sold 3,374 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $400.30, for a total transaction of $1,350,612.20. Following the transaction, the chief executive officer now owns 7,734 shares of the company’s stock, valued at $3,095,920.20. The disclosure for this sale can be found here. Insiders have sold 25,213 shares of company stock worth $10,866,177 over the last three months. 2.43% of the stock is currently owned by insiders.

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.

Recommended Story: Outstanding Shares

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive Inc (NASDAQ:ORLY).

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

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.