O'Reilly Automotive, Inc. (NASDAQ:ORLY) Holdings Lifted by Summit X LLC

Summit X LLC boosted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 96.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,536 shares of the specialty retailer's stock after acquiring an additional 7,612 shares during the quarter. O'Reilly Automotive comprises about 4.7% of Summit X LLC's holdings, making the stock its 4th largest holding. Summit X LLC's holdings in O'Reilly Automotive were worth $22,255,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, SVP Ramon Parises Odems sold 30,000 shares of the business's stock in a transaction dated 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 completion of the sale, the senior vice president owned 240 shares of the company's stock, valued at approximately $21,767.20. The trade was a 99.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Raymond Murphy sold 3,000 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $91.93, for a total value of $275,800.00. Following the completion of the sale, the director directly owned 4,560 shares of the company's stock, valued at approximately $419,216. This trade represents a 39.68% decrease in their position. 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. Corporate insiders own 1.01% of the company's stock.

Analyst Ratings Changes

ORLY has been the subject of several research analyst reports. Barclays increased their target price 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. Wall Street Zen raised O'Reilly Automotive from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. DA Davidson raised 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. UBS Group raised their price target on O'Reilly Automotive from $102.33 to $105.33 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $98.00 target price on shares of O'Reilly Automotive in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $94.38.

O'Reilly Automotive Trading Up 0.9%

Shares of ORLY stock traded up $0.79 during trading on Friday, hitting $92.38. The company's stock had a trading volume of 1,427,621 shares, compared to its average volume of 5,459,349. The company has a market cap of $78.97 billion, a PE ratio of 33.98, a P/E/G ratio of 2.49 and a beta of 0.58. The business has a fifty day moving average of $90.64 and a 200-day moving average of $89.10. O'Reilly Automotive, Inc. has a 52 week low of $68.44 and a 52 week high of $97.22.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data 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). O'Reilly Automotive had a net margin of 14.10% and a negative return on equity of 167.25%. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period last year, the company posted $0.61 earnings per share. O'Reilly Automotive's revenue for the quarter was up 4.0% on a year-over-year basis. As a group, research analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current 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.