Meitav Investment House Ltd. Buys Shares of 322 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Meitav Investment House Ltd. bought a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 322 shares of the specialty retailer’s stock, valued at approximately $302,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atticus Wealth Management LLC raised its stake in shares of O’Reilly Automotive by 57.9% in the second quarter. Atticus Wealth Management LLC now owns 30 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 11 shares during the period. Ancora Advisors LLC bought a new stake in shares of O’Reilly Automotive in the fourth quarter valued at $30,000. Venturi Wealth Management LLC purchased a new position in shares of O’Reilly Automotive in the first quarter worth about $31,000. HHM Wealth Advisors LLC purchased a new position in shares of O’Reilly Automotive in the first quarter worth about $33,000. Finally, Compass Wealth Management LLC purchased a new position in shares of O’Reilly Automotive in the fourth quarter worth about $38,000. 82.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of O’Reilly Automotive from $988.00 to $1,003.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. raised their price target on O’Reilly Automotive from $980.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Evercore ISI raised their price target on O’Reilly Automotive from $990.00 to $1,010.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. TD Cowen initiated coverage on O’Reilly Automotive in a report on Tuesday, October 10th. They issued an “outperform” rating and a $1,100.00 price target for the company. Finally, William Blair initiated coverage on shares of O’Reilly Automotive in a report on Thursday, August 3rd. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average price target of $1,007.63.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Wild Tamara F. De sold 549 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $955.50, for a total value of $524,569.50. Following the completion of the sale, the senior vice president now owns 349 shares of the company’s stock, valued at $333,469.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,060 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $945.57, for a total value of $1,002,304.20. Following the transaction, the director now directly owns 157,764 shares of the company’s stock, valued at approximately $149,176,905.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Wild Tamara F. De sold 549 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $955.50, for a total value of $524,569.50. Following the completion of the transaction, the senior vice president now directly owns 349 shares in the company, valued at $333,469.50. The disclosure for this sale can be found here. Insiders sold a total of 19,422 shares of company stock valued at $18,917,172 over the last quarter. 1.55% of the stock is owned by corporate insiders.

O’Reilly Automotive Stock Down 0.4 %

ORLY opened at $968.55 on Friday. The business’s fifty day simple moving average is $931.43 and its 200 day simple moving average is $934.92. O’Reilly Automotive, Inc. has a 52 week low of $767.27 and a 52 week high of $1,005.96. The stock has a market cap of $57.30 billion, a PE ratio of 25.77, a P/E/G ratio of 1.92 and a beta of 0.83.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, October 26th. The specialty retailer reported $10.72 EPS for the quarter, beating the consensus estimate of $10.36 by $0.36. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.09 billion. O’Reilly Automotive had a negative return on equity of 152.96% and a net margin of 14.86%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $9.17 EPS. As a group, equities analysts anticipate that O’Reilly Automotive, Inc. will post 38.2 earnings per share for the current year.

About O’Reilly Automotive

O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.