O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in O'Reilly Automotive by 50.2%, now owning 116,074 shares valued at approximately $166.2 million.
• O'Reilly Automotive reported $4.53 billion in revenue for the last quarter, which was slightly below analysts' expectations, and earned $0.78 EPS, matching consensus estimates.
• The stock has a market cap of $88.56 billion and a current share price of $103.60, with analysts generally rating it as a "Buy."

Russell Investments Group Ltd. boosted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 50.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,074 shares of the specialty retailer's stock after purchasing an additional 38,776 shares during the period. Russell Investments Group Ltd. owned about 0.20% of O'Reilly Automotive worth $166,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new position in O'Reilly Automotive during the first quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new position in shares of O'Reilly Automotive in the first quarter worth about $25,000. HighMark Wealth Management LLC raised its position in shares of O'Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares during the period. Piscataqua Savings Bank acquired a new position in shares of O'Reilly Automotive in the first quarter worth about $43,000. Finally, Vestor Capital LLC acquired a new position in shares of O'Reilly Automotive in the first quarter worth about $43,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the sale, the senior vice president directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the sale, the senior vice president owned 2,876 shares in the company, valued at approximately $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,920 shares of company stock worth $15,763,302 over the last 90 days. 1.01% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ORLY shares. Morgan Stanley reiterated an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. Evercore ISI upped their price target on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday. Argus initiated coverage on shares of O'Reilly Automotive in a research report on Wednesday. They set a "buy" rating and a $120.00 price target for the company. UBS Group upped their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. 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. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $103.38.

O'Reilly Automotive Price Performance

Shares of NASDAQ:ORLY traded up $0.04 during mid-day trading on Friday, reaching $101.54. 4,280,227 shares of the company were exchanged, compared to its average volume of 5,051,666. The firm has a market cap of $86.16 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 2.68 and a beta of 0.56. The firm's 50-day simple moving average is $94.27 and its 200 day simple moving average is $91.76. O'Reilly Automotive, Inc. has a 1 year low of $73.11 and a 1 year high of $104.86.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $10.55 EPS. On average, research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.