NorthCrest Asset Manangement LLC Buys 993 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

NorthCrest Asset Manangement LLC increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 31.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,160 shares of the specialty retailer’s stock after purchasing an additional 993 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in O’Reilly Automotive were worth $5,960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingsview Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 18.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 223 shares of the specialty retailer’s stock worth $264,000 after purchasing an additional 34 shares during the last quarter. Savant Capital LLC raised its holdings in shares of O’Reilly Automotive by 14.1% during the fourth quarter. Savant Capital LLC now owns 550 shares of the specialty retailer’s stock valued at $653,000 after purchasing an additional 68 shares during the period. Van ECK Associates Corp raised its holdings in shares of O’Reilly Automotive by 0.5% during the fourth quarter. Van ECK Associates Corp now owns 8,671 shares of the specialty retailer’s stock valued at $10,282,000 after purchasing an additional 44 shares during the period. Avestar Capital LLC increased its position in shares of O’Reilly Automotive by 15.6% during the fourth quarter. Avestar Capital LLC now owns 452 shares of the specialty retailer’s stock worth $536,000 after acquiring an additional 61 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of O’Reilly Automotive by 1.9% during the fourth quarter. V Square Quantitative Management LLC now owns 1,298 shares of the specialty retailer’s stock worth $1,539,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 1.3%

ORLY opened at $89.91 on Friday. The firm has a 50 day moving average price of $91.37 and a 200-day moving average price of $87.80. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 2.21, a PEG ratio of 2.34 and a beta of 0.60. O’Reilly Automotive, Inc. has a twelve month low of $65.92 and a twelve month high of $97.22.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.18 billion. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. As a group, analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Ratings Changes

ORLY has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of O’Reilly Automotive from $83.33 to $86.00 and gave the stock an “equal weight” rating in a research report on Monday, April 28th. Wall Street Zen upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Guggenheim restated a “buy” rating and set a $98.33 price target on shares of O’Reilly Automotive in a research note on Monday, March 10th. BMO Capital Markets increased their target price on shares of O’Reilly Automotive from $96.67 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Finally, DA Davidson raised their price objective on shares of O’Reilly Automotive from $101.67 to $106.67 and gave the company a “buy” rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $94.30.

Insiders Place Their Bets

In related news, Director John Raymond Murphy sold 3,000 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the sale, the director now owns 4,560 shares of the company’s stock, valued at $419,216. This represents a 39.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ramon Parises Odems sold 30,000 shares of the company’s stock in a transaction 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 now directly owns 240 shares in the company, valued at approximately $21,767.20. The trade was a 99.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,285 shares of company stock worth $3,022,386 over the last three months. 1.01% of the stock is currently owned by company insiders.

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.