O’Reilly Automotive, Inc. $ORLY Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 158.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 375 shares of the specialty retailer’s stock after purchasing an additional 230 shares during the period. Pittenger & Anderson Inc.’s holdings in O’Reilly Automotive were worth $34,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new position in O’Reilly Automotive in the 1st quarter valued at about $25,000. Oakworth Capital Inc. increased its stake in shares of O’Reilly Automotive by 1,257.1% during the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 264 shares during the last quarter. HighMark Wealth Management LLC increased its stake in shares of O’Reilly Automotive by 1,400.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 280 shares during the last quarter. ORG Partners LLC increased its stake in shares of O’Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 277 shares during the last quarter. Finally, Elequin Capital LP acquired a new position in shares of O’Reilly Automotive during the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of research analyst reports. Mizuho set a $112.00 price objective on shares of O’Reilly Automotive in a research note on Monday. UBS Group reaffirmed a “buy” rating and set a $120.00 price objective (up previously from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. DA Davidson upped their price objective on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Royal Bank Of Canada upped their price objective on shares of O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Finally, BMO Capital Markets upped their price objective on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $110.04.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the transaction, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria Sastre sold 595 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares of the company’s stock, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock worth $12,740,916 in the last 90 days. 1.01% of the stock is owned by insiders.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $101.31 on Wednesday. O’Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71. The stock has a market capitalization of $85.96 billion, a P/E ratio of 36.22, a PEG ratio of 2.67 and a beta of 0.60. The stock has a 50-day simple moving average of $103.76 and a 200-day simple moving average of $96.45.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.54 billion. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.55 EPS. Analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

O’Reilly Automotive 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.