O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,986 shares of the specialty retailer's stock after purchasing an additional 11,666 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.45% of O'Reilly Automotive worth $371,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Penserra Capital Management LLC increased its stake in O'Reilly Automotive by 110.3% in the first quarter. Penserra Capital Management LLC now owns 881 shares of the specialty retailer's stock worth $1,260,000 after purchasing an additional 462 shares during the period. Crew Capital Management Ltd. boosted its position in O'Reilly Automotive by 3.2% in the 1st quarter. Crew Capital Management Ltd. now owns 682 shares of the specialty retailer's stock valued at $977,000 after buying an additional 21 shares during the period. Traveka Wealth LLC bought a new position in O'Reilly Automotive in the 1st quarter worth about $202,000. Argentarii LLC purchased a new position in shares of O'Reilly Automotive during the first quarter worth approximately $348,000. Finally, World Investment Advisors raised its stake in shares of O'Reilly Automotive by 40.0% during the first quarter. World Investment Advisors now owns 924 shares of the specialty retailer's stock valued at $1,324,000 after acquiring an additional 264 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ORLY has been the topic of several research analyst reports. BMO Capital Markets increased their price objective on O'Reilly Automotive from $96.67 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Barclays increased their target price on shares of O'Reilly Automotive from $83.33 to $86.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. UBS Group boosted their price target on shares of O'Reilly Automotive from $102.33 to $105.33 and gave the company a "buy" rating in a report on Thursday, April 24th. Mizuho increased their price objective on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, O'Reilly Automotive currently has an average rating of "Buy" and a consensus target price of $94.38.

O'Reilly Automotive Stock Performance

NASDAQ ORLY traded up $0.94 during mid-day trading on Wednesday, reaching $92.58. 4,128,876 shares of the stock were exchanged, compared to its average volume of 5,496,667. The company has a market capitalization of $79.14 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.50 and a beta of 0.58. The business's 50 day moving average is $90.75 and its 200-day moving average is $88.60. O'Reilly Automotive, Inc. has a 1 year low of $67.65 and a 1 year high of $97.22.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). The business had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.18 billion. O'Reilly Automotive had a net margin of 14.10% and a negative return on equity of 167.25%. O'Reilly Automotive's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. Equities analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Ramon Parises Odems sold 30,000 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the sale, the senior vice president directly owned 240 shares of the company's stock, valued at $21,767.20. The trade was a 99.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Raymond Murphy sold 3,000 shares of the business's stock in a transaction that occurred 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 sale, the director owned 4,560 shares of the company's stock, valued at $419,216. The trade was a 39.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,285 shares of company stock worth $3,022,386 over the last 90 days. 1.01% of the stock is currently owned by company insiders.

About O'Reilly Automotive

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.