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

Summit X LLC lifted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 96.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,536 shares of the specialty retailer's stock after buying an additional 7,612 shares during the period. O'Reilly Automotive makes up 4.7% of Summit X LLC's holdings, making the stock its 4th biggest position. Summit X LLC's holdings in O'Reilly Automotive were worth $22,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORLY. HWG Holdings LP purchased a new position in shares of O'Reilly Automotive in the first quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new position in shares of O'Reilly Automotive in the fourth quarter worth about $28,000. HighMark Wealth Management LLC raised its stake in O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 13 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in O'Reilly Automotive in the 4th quarter valued at about $31,000. Finally, Investment Management Corp VA ADV acquired a new position in O'Reilly Automotive in the 4th quarter valued at about $37,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Ramon Parises Odems sold 30,000 shares of the company'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 sale, the senior vice president directly owned 240 shares of the company's stock, valued at $21,767.20. This represents a 99.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 3,000 shares of the company'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 transaction of $275,800.00. Following the sale, the director directly owned 4,560 shares in the company, valued at approximately $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 valued at $3,022,386 in the last ninety days. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Trading Up 0.8%

ORLY traded up $0.75 during trading hours on Friday, hitting $92.34. 4,003,346 shares of the company's stock were exchanged, compared to its average volume of 5,467,415. O'Reilly Automotive, Inc. has a 12-month low of $69.33 and a 12-month high of $97.22. The firm has a 50 day moving average of $90.67 and a 200 day moving average of $89.20. The firm has a market cap of $78.94 billion, a P/E ratio of 33.56, a price-to-earnings-growth ratio of 2.52 and a beta of 0.58.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company boosted their target price on shares of O'Reilly Automotive from $95.00 to $103.33 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Morgan Stanley reiterated an "overweight" rating on shares of O'Reilly Automotive in a report on Thursday, April 24th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $98.00 target price on shares of O'Reilly Automotive in a report on Wednesday, July 2nd. Finally, Mizuho boosted their target price on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the company an "outperform" rating in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Buy" and a consensus price target of $94.38.

O'Reilly Automotive 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.