Pinnacle Financial Partners Inc Takes Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pinnacle Financial Partners Inc acquired a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 183 shares of the specialty retailer’s stock, valued at approximately $211,000.

A number of other hedge funds also recently made changes to their positions in the business. Haverford Trust Co raised its stake in shares of O’Reilly Automotive by 23.2% in the 3rd quarter. Haverford Trust Co now owns 281 shares of the specialty retailer’s stock valued at $324,000 after buying an additional 53 shares in the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of O’Reilly Automotive by 1.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,167 shares of the specialty retailer’s stock valued at $9,405,000 after buying an additional 99 shares in the last quarter. Savvy Advisors Inc. acquired a new position in shares of O’Reilly Automotive in the 3rd quarter valued at $266,000. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of O’Reilly Automotive by 5.7% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 801 shares of the specialty retailer’s stock valued at $922,000 after buying an additional 43 shares in the last quarter. Finally, Waverton Investment Management Ltd raised its stake in shares of O’Reilly Automotive by 13.6% in the 3rd quarter. Waverton Investment Management Ltd now owns 36,298 shares of the specialty retailer’s stock valued at $41,786,000 after buying an additional 4,336 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction that occurred 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 transaction, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,322 shares of company stock valued at $18,280,698. 1.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Wedbush reiterated a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Morgan Stanley increased their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Barclays increased their target price on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Trading Down 0.9 %

Shares of NASDAQ ORLY opened at $1,213.37 on Friday. The firm has a market capitalization of $70.05 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,255.30. The firm’s 50-day moving average is $1,168.95 and its 200-day moving average is $1,093.06.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $10.72 EPS. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

About O’Reilly Automotive

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.