Huntington National Bank Grows Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Huntington National Bank increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 25.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,117 shares of the specialty retailer’s stock after buying an additional 13,783 shares during the quarter. Huntington National Bank’s holdings in O’Reilly Automotive were worth $78,444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trifecta Capital Advisors LLC grew its stake in shares of O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in O’Reilly Automotive during the third quarter worth $41,000. Crewe Advisors LLC acquired a new position in O’Reilly Automotive during the first quarter worth $43,000. Kings Path Partners LLC acquired a new position in shares of O’Reilly Automotive in the second quarter worth $44,000. Finally, ORG Partners LLC acquired a new position in shares of O’Reilly Automotive in the second quarter worth $48,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $1,238.78 on Thursday. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,252.54. The stock has a fifty day moving average of $1,165.19 and a 200-day moving average of $1,091.11. The company has a market capitalization of $71.51 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.72 EPS. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 40.81 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman David E. Oreilly sold 1,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the sale, the chairman now directly owns 183,583 shares in the company, valued at approximately $205,407,347.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,322 shares of company stock worth $18,280,698. Corporate insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Morgan Stanley boosted their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Barclays boosted their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. UBS Group lowered their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. upped their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average target price of $1,242.13.

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.