O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 41.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 435 shares of the specialty retailer’s stock after purchasing an additional 128 shares during the quarter. Miracle Mile Advisors LLC’s holdings in O’Reilly Automotive were worth $491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the 1st quarter valued at $36,000. Indiana Trust & Investment Management CO grew its position in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 26 shares during the last quarter. Riverview Trust Co purchased a new position in shares of O’Reilly Automotive in the 1st quarter valued at $41,000. Washington Trust Advisors Inc. grew its position in shares of O’Reilly Automotive by 31.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 13 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of O’Reilly Automotive by 29.5% in the 4th quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock valued at $54,000 after buying an additional 13 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORLY has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Mizuho initiated coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 target price on the stock. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Evercore ISI increased their target price on shares of O’Reilly Automotive from $1,265.00 to $1,275.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Finally, UBS Group raised their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,123.64.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

O’Reilly Automotive Stock Down 3.8 %

Shares of NASDAQ ORLY opened at $1,016.32 on Tuesday. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. The firm has a 50-day moving average price of $1,017.01 and a 200 day moving average price of $1,034.26. The stock has a market capitalization of $59.85 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating the consensus estimate of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $8.28 earnings per share. Equities research analysts expect that O’Reilly Automotive, Inc. will post 41.93 EPS 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.