grace capital acquired a new position in O’Reilly Automotive Inc (NASDAQ:ORLY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,400 shares of the specialty retailer’s stock, valued at approximately $383,000.

A number of other hedge funds also recently made changes to their positions in ORLY. Morgan Stanley raised its position in shares of O’Reilly Automotive by 100.8% in the second quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock valued at $143,236,000 after purchasing an additional 262,779 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of O’Reilly Automotive by 18,926.9% in the second quarter. Cornerstone Wealth Management LLC now owns 184,751 shares of the specialty retailer’s stock valued at $673,000 after purchasing an additional 183,780 shares during the period. Lord Abbett & CO. LLC raised its position in shares of O’Reilly Automotive by 507.4% in the first quarter. Lord Abbett & CO. LLC now owns 209,102 shares of the specialty retailer’s stock valued at $51,728,000 after purchasing an additional 174,675 shares during the period. Summit Trail Advisors LLC raised its position in shares of O’Reilly Automotive by 25,189.5% in the first quarter. Summit Trail Advisors LLC now owns 172,980 shares of the specialty retailer’s stock valued at $173,000 after purchasing an additional 172,296 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of O’Reilly Automotive by 6,598.1% in the first quarter. Baird Financial Group Inc. now owns 152,180 shares of the specialty retailer’s stock valued at $37,646,000 after purchasing an additional 149,908 shares during the period. 86.03% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive stock opened at $340.82 on Friday. The company has a debt-to-equity ratio of 8.45, a quick ratio of 0.11 and a current ratio of 0.92. The company has a market cap of $27.98 billion, a P/E ratio of 28.79, a PEG ratio of 1.39 and a beta of 0.98. O’Reilly Automotive Inc has a 1-year low of $190.00 and a 1-year high of $351.65.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 25th. The specialty retailer reported $4.28 EPS for the quarter, topping the Zacks’ consensus estimate of $4.04 by $0.24. O’Reilly Automotive had a net margin of 13.42% and a return on equity of 229.48%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the previous year, the company earned $3.10 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts expect that O’Reilly Automotive Inc will post 15.91 EPS for the current year.

In other O’Reilly Automotive news, SVP Jeremy Adam Fletcher sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $335.00, for a total value of $837,500.00. Following the completion of the transaction, the senior vice president now owns 3,428 shares of the company’s stock, valued at approximately $1,148,380. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Raymond Murphy sold 400 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $331.28, for a total transaction of $132,512.00. The disclosure for this sale can be found here. In the last three months, insiders sold 147,181 shares of company stock valued at $46,483,232. Corporate insiders own 3.07% of the company’s stock.

Several research firms have recently issued reports on ORLY. Wells Fargo & Co boosted their price target on shares of O’Reilly Automotive from $295.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, June 12th. They noted that the move was a valuation call. Royal Bank of Canada boosted their price target on shares of O’Reilly Automotive to $335.00 and gave the company an “outperform” rating in a research report on Friday, July 27th. Oppenheimer boosted their price target on shares of O’Reilly Automotive from $305.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, ValuEngine raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $327.44.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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