Massachusetts Financial Services Co. MA Purchases 147,904 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Massachusetts Financial Services Co. MA boosted its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 33.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 583,812 shares of the specialty retailer's stock after acquiring an additional 147,904 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.02% of O'Reilly Automotive worth $836,357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dakota Wealth Management raised its position in shares of O'Reilly Automotive by 18.4% in the first quarter. Dakota Wealth Management now owns 15,748 shares of the specialty retailer's stock valued at $22,560,000 after purchasing an additional 2,448 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of O'Reilly Automotive in the first quarter valued at about $289,000. SBI Securities Co. Ltd. raised its position in shares of O'Reilly Automotive by 16.7% in the first quarter. SBI Securities Co. Ltd. now owns 98 shares of the specialty retailer's stock valued at $140,000 after purchasing an additional 14 shares during the period. Apollon Wealth Management LLC raised its position in shares of O'Reilly Automotive by 2.6% in the first quarter. Apollon Wealth Management LLC now owns 4,551 shares of the specialty retailer's stock valued at $6,520,000 after purchasing an additional 114 shares during the period. Finally, Catalyst Financial Partners LLC raised its position in shares of O'Reilly Automotive by 8.8% in the first quarter. Catalyst Financial Partners LLC now owns 545 shares of the specialty retailer's stock valued at $781,000 after purchasing an additional 44 shares during the period. 85.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ORLY shares. Morgan Stanley reissued an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. UBS Group raised their price target on shares of O'Reilly Automotive from $102.33 to $105.33 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $98.00 price target on shares of O'Reilly Automotive in a research report on Wednesday, July 2nd. Wells Fargo & Company increased their price objective on shares of O'Reilly Automotive from $95.00 to $103.33 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Finally, Barclays increased their price objective on shares of O'Reilly Automotive from $83.33 to $86.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $94.38.

Insider Activity at O'Reilly Automotive

In related news, SVP Najera Jose A. Montellano sold 285 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total value of $25,686.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ramon Parises Odems sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $90.70, for a total transaction 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 approximately $21,767.20. This trade represents a 99.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,285 shares of company stock worth $3,022,386 in the last quarter. 1.01% of the stock is owned by insiders.

O'Reilly Automotive Stock Performance

Shares of ORLY traded down $1.93 during mid-day trading on Tuesday, reaching $91.19. The company had a trading volume of 3,825,168 shares, compared to its average volume of 5,480,335. The company's 50 day simple moving average is $90.63 and its 200 day simple moving average is $89.00. O'Reilly Automotive, Inc. has a 1-year low of $68.44 and a 1-year high of $97.22. The company has a market capitalization of $77.95 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 2.54 and a beta of 0.58.

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

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.