Envestnet Asset Management Inc. Has $371.02 Million Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Envestnet Asset Management Inc. raised its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 258,986 shares of the specialty retailer's stock after acquiring an additional 11,666 shares during the quarter. Envestnet Asset Management Inc. owned 0.45% of O'Reilly Automotive worth $371,018,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORLY. HWG Holdings LP acquired a new position in shares of O'Reilly Automotive during the 1st quarter worth $26,000. Lee Danner & Bass Inc. purchased a new stake in O'Reilly Automotive during the 4th quarter worth about $28,000. HighMark Wealth Management LLC increased its position in O'Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 13 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in O'Reilly Automotive during the 4th quarter worth about $31,000. Finally, Investment Management Corp VA ADV purchased a new stake in O'Reilly Automotive during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Trading Down 1.1%

NASDAQ:ORLY traded down $1.03 during mid-day trading on Tuesday, reaching $91.64. 4,044,161 shares of the stock were exchanged, compared to its average volume of 5,488,229. The business has a fifty day moving average price of $90.78 and a 200 day moving average price of $88.58. The firm has a market capitalization of $78.34 billion, a PE ratio of 33.68, a PEG ratio of 2.49 and a beta of 0.58. O'Reilly Automotive, Inc. has a 1-year low of $67.55 and a 1-year high of $97.22.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.04). The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.18 billion. O'Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. O'Reilly Automotive's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. On average, sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity at O'Reilly Automotive

In related news, Director John Raymond Murphy sold 3,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $91.93, for a total value of $275,800.00. Following the completion of the transaction, the director owned 4,560 shares in the company, valued at $419,216. This trade represents a 39.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the transaction, the senior vice president owned 240 shares of the company's stock, valued at $21,767.20. This trade represents a 99.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,285 shares of company stock worth $3,022,386 in the last quarter. 1.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ORLY has been the subject of several recent analyst reports. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a report on Thursday, April 24th. BMO Capital Markets lifted their price target on O'Reilly Automotive from $96.67 to $100.00 and gave the company an "outperform" rating in a report on Friday, April 25th. DA Davidson lifted their price target on O'Reilly Automotive from $101.67 to $106.67 and gave the company a "buy" rating in a report on Friday, April 25th. Wells Fargo & Company lifted their price objective on O'Reilly Automotive from $95.00 to $103.33 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Finally, Barclays lifted their price objective on O'Reilly Automotive from $83.33 to $86.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $94.38.

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.