O’Reilly Automotive, Inc. $ORLY Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,180,009 shares of the specialty retailer’s stock after buying an additional 56,550 shares during the period. King Luther Capital Management Corp’s holdings in O’Reilly Automotive were worth $186,195,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kelleher Financial Advisors purchased a new stake in O’Reilly Automotive during the 2nd quarter worth approximately $28,000. Fiduciary Financial Advisors purchased a new stake in shares of O’Reilly Automotive during the second quarter worth approximately $28,000. Bell Investment Advisors Inc purchased a new stake in shares of O’Reilly Automotive during the second quarter worth approximately $29,000. MidFirst Bank purchased a new stake in shares of O’Reilly Automotive during the second quarter worth approximately $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in O’Reilly Automotive in the 2nd quarter valued at $36,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $90.54 on Thursday. The firm has a 50 day simple moving average of $87.42 and a 200-day simple moving average of $90.30. O’Reilly Automotive, Inc. has a 1-year low of $82.59 and a 1-year high of $102.46. The stock has a market cap of $72.62 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.55.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. O’Reilly Automotive had a net margin of 14.27% and a negative return on equity of 188.24%. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts expect that O’Reilly Automotive, Inc. will post 3.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ORLY. Evercore restated an “outperform” rating on shares of O’Reilly Automotive in a report on Monday, October 26th. Sanford C. Bernstein assumed coverage on shares of O’Reilly Automotive in a research note on Tuesday, September 29th. They set a “market perform” rating and a $94.00 target price on the stock. Morgan Stanley dropped their target price on shares of O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Finally, Wolfe Research set a $98.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.00.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Larry Gray sold 7,750 shares of O’Reilly Automotive stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $90.22, for a total value of $699,205.00. Following the sale, the senior vice president owned 4,971 shares in the company, valued at $448,483.62. The trade was a 60.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Gregory L. Henslee sold 138,705 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $91.75, for a total value of $12,726,183.75. Following the transaction, the chairman owned 241,950 shares of the company’s stock, valued at approximately $22,198,912.50. This represents a 36.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 148,655 shares of company stock valued at $13,623,283. 0.77% of the stock is currently owned by insiders.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc. is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops. The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers. Founded in 1957 by Charles F. O’Reilly and his son Charles H. O’Reilly, the company opened its first store in Springfield, Missouri.