Icon Wealth Advisors LLC Buys 3,659 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Icon Wealth Advisors LLC boosted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 746.7% in the 3rd quarter, Holdings Channel reports. The firm owned 4,149 shares of the specialty retailer’s stock after acquiring an additional 3,659 shares during the quarter. Icon Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $4,778,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Citigroup Inc. lifted its holdings in shares of O’Reilly Automotive by 5.4% in the third quarter. Citigroup Inc. now owns 112,427 shares of the specialty retailer’s stock worth $129,471,000 after buying an additional 5,740 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in O’Reilly Automotive by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 365,124 shares of the specialty retailer’s stock worth $420,477,000 after acquiring an additional 989 shares during the period. DE Burlo Group Inc. lifted its stake in O’Reilly Automotive by 62.7% in the 3rd quarter. DE Burlo Group Inc. now owns 19,850 shares of the specialty retailer’s stock worth $22,859,000 after purchasing an additional 7,650 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in O’Reilly Automotive by 28.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after purchasing an additional 133,139 shares during the period. Finally, Integrated Investment Consultants LLC grew its position in shares of O’Reilly Automotive by 5.0% during the 3rd quarter. Integrated Investment Consultants LLC now owns 250 shares of the specialty retailer’s stock valued at $288,000 after purchasing an additional 12 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ORLY. JPMorgan Chase & Co. increased their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. TD Cowen boosted their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, Morgan Stanley lifted their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. 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 company. According to data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Stock Up 1.3 %

Shares of NASDAQ:ORLY opened at $1,204.61 on Friday. The stock has a market cap of $69.54 billion, a PE ratio of 29.80, a PEG ratio of 2.44 and a beta of 0.92. The company’s fifty day moving average is $1,177.33 and its 200 day moving average is $1,099.65. 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 released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.72 EPS. Sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.55% of the company’s stock.

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.