Voloridge Investment Management LLC Acquires 15,876 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Voloridge Investment Management LLC lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 25.0% during the 1st quarter, Holdings Channel reports. The firm owned 79,478 shares of the specialty retailer’s stock after purchasing an additional 15,876 shares during the quarter. Voloridge Investment Management LLC’s holdings in O’Reilly Automotive were worth $40,315,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Viking Global Investors LP bought a new position in O’Reilly Automotive in the first quarter worth approximately $541,071,000. Norges Bank bought a new position in O’Reilly Automotive in the fourth quarter worth approximately $333,624,000. Putnam Investments LLC bought a new position in O’Reilly Automotive in the first quarter worth approximately $158,802,000. Lazard Asset Management LLC boosted its holdings in O’Reilly Automotive by 895.0% in the first quarter. Lazard Asset Management LLC now owns 284,791 shares of the specialty retailer’s stock worth $144,460,000 after acquiring an additional 256,170 shares in the last quarter. Finally, Amundi Asset Management US Inc. boosted its holdings in O’Reilly Automotive by 14.9% in the first quarter. Amundi Asset Management US Inc. now owns 945,402 shares of the specialty retailer’s stock worth $479,553,000 after acquiring an additional 122,611 shares in the last quarter. Institutional investors own 79.38% of the company’s stock.

In other news, COO Jeff M. Shaw sold 5,974 shares of the stock in a transaction dated Friday, April 30th. The shares were sold at an average price of $550.33, for a total value of $3,287,671.42. Following the sale, the chief operating officer now directly owns 29,379 shares of the company’s stock, valued at $16,168,145.07. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Doug D. Bragg sold 15,615 shares of the stock in a transaction dated Tuesday, May 4th. The stock was sold at an average price of $554.60, for a total transaction of $8,660,079.00. Following the completion of the sale, the senior vice president now directly owns 15,180 shares in the company, valued at $8,418,828. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,077 shares of company stock worth $40,921,129. Insiders own 2.11% of the company’s stock.

Several brokerages have issued reports on ORLY. Wedbush increased their price target on O’Reilly Automotive from $460.00 to $540.00 and gave the stock a “neutral” rating in a report on Thursday, April 29th. Evercore ISI reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, May 3rd. TheStreet raised O’Reilly Automotive from a “c+” rating to a “b-” rating in a research report on Friday, March 26th. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $600.00 to $660.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Raymond James upped their target price on shares of O’Reilly Automotive from $575.00 to $585.00 and gave the stock an “outperform” rating in a research note on Monday, May 3rd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $548.56.

ORLY traded up $3.59 during trading on Thursday, hitting $607.98. 1,384 shares of the company traded hands, compared to its average volume of 401,695. The firm has a market capitalization of $42.41 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 1.78 and a beta of 1.09. The firm’s fifty day moving average price is $555.93. The company has a current ratio of 0.79, a quick ratio of 0.18 and a debt-to-equity ratio of 29.40. O’Reilly Automotive, Inc. has a one year low of $424.03 and a one year high of $612.60.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Tuesday, April 27th. The specialty retailer reported $7.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.47 by $1.59. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.80 billion. O’Reilly Automotive had a net margin of 15.99% and a return on equity of 545.81%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.97 earnings per share. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 25.55 earnings per share for the current fiscal year.

O’Reilly Automotive Profile

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. 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.

Further Reading: What are some reasons analysts would give stocks a buy rating?

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

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