O'Reilly Automotive, Inc. $ORLY Shares Bought by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group increased its O'Reilly Automotive stake by 73% in the third quarter, adding 279,698 shares to reach 662,853 shares valued at approximately $56.6 million.
• O'Reilly reported quarterly earnings of $0.97 per share, beating estimates of $0.93, while revenue of $5.12 billion also topped forecasts and rose 8.8% year over year.
• Analysts’ consensus rating was Moderate Buy, with a consensus price target of $108; 17 analysts rated the stock Buy or Strong Buy and three rated it Hold.

Jefferies Financial Group Inc. raised its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 73.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 662,853 shares of the specialty retailer's stock after buying an additional 279,698 shares during the quarter. O'Reilly Automotive comprises about 0.4% of Jefferies Financial Group Inc.'s investment portfolio, making the stock its 27th biggest holding. Jefferies Financial Group Inc. owned about 0.08% of O'Reilly Automotive worth $56,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ORLY. WealthBridge Capital Management LLC grew its stake in shares of O'Reilly Automotive by 1.6% in the third quarter. WealthBridge Capital Management LLC now owns 8,106 shares of the specialty retailer's stock worth $692,000 after acquiring an additional 125 shares during the last quarter. Pointe Capital Management LLC increased its holdings in shares of O'Reilly Automotive by 1.2% during the second quarter. Pointe Capital Management LLC now owns 10,447 shares of the specialty retailer's stock valued at $962,000 after acquiring an additional 127 shares in the last quarter. Integrity Alliance LLC. raised its position in shares of O'Reilly Automotive by 3.5% in the 3rd quarter. Integrity Alliance LLC. now owns 3,981 shares of the specialty retailer's stock worth $340,000 after purchasing an additional 133 shares during the last quarter. BIP Wealth LLC raised its position in shares of O'Reilly Automotive by 3.0% in the 3rd quarter. BIP Wealth LLC now owns 4,807 shares of the specialty retailer's stock worth $411,000 after purchasing an additional 142 shares during the last quarter. Finally, Centaurus Financial Inc. raised its position in shares of O'Reilly Automotive by 7.5% in the 1st quarter. Centaurus Financial Inc. now owns 2,081 shares of the specialty retailer's stock worth $192,000 after purchasing an additional 145 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

ORLY has been the topic of a number of analyst reports. Sanford C. Bernstein began coverage on shares of O'Reilly Automotive in a research note on Tuesday, September 29th. They issued a "market perform" rating and a $94.00 price target on the stock. Roth Capital restated a "buy" rating and set a $111.00 price objective (up from $109.00) on shares of O'Reilly Automotive in a research note on Friday, July 31st. Morgan Stanley reduced their price objective on shares of O'Reilly Automotive from $112.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. UBS Group reaffirmed a "buy" rating and issued a $122.00 target price (up from $120.00) on shares of O'Reilly Automotive in a report on Thursday, October 29th. Finally, Wells Fargo & Company upped their target price on shares of O'Reilly Automotive from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $108.00.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, Director Maria Sastre sold 1,200 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $91.72, for a total value of $110,064.00. Following the transaction, the director owned 13,770 shares of the company's stock, valued at approximately $1,262,984.40. This represents a 8.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Hendrickson sold 1,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $87.83, for a total value of $87,830.00. Following the completion of the transaction, the director directly owned 18,675 shares in the company, valued at approximately $1,640,225.25. This represents a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 148,655 shares of company stock worth $13,623,283. 0.77% of the stock is currently owned by insiders.

O'Reilly Automotive Trading Up 1.3%

NASDAQ:ORLY opened at $90.54 on Thursday. O'Reilly Automotive, Inc. has a 12 month low of $82.59 and a 12 month high of $102.46. The company has a market cap of $72.62 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.55. The company has a 50 day simple moving average of $87.42 and a two-hundred day simple moving average of $90.30.

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

About O'Reilly Automotive

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.

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