Todays Report: Today, First Midwest Bank Trust Division invests in O’Reilly Automotive Inc. (ORLY) Shares

Today, First Midwest Bank Trust Division invests in O’Reilly Automotive Inc. (ORLY) Shares

First Midwest Bank Trust Division raised its position in shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) by 55.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,533 shares of the company’s stock after buying an additional 545 shares during the period. First Midwest Bank Trust Division’s holdings in O’Reilly Automotive were worth $416,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in O’Reilly Automotive by 91.4% in the first quarter. JPMorgan Chase & Co. now owns 1,195,354 shares of the company’s stock worth $327,121,000 after buying an additional 570,755 shares during the period. UBS Group AG raised its position in O’Reilly Automotive by 1.4% in the first quarter. UBS Group AG now owns 891,449 shares of the company’s stock worth $243,954,000 after buying an additional 12,076 shares during the period. Geode Capital Management LLC raised its position in O’Reilly Automotive by 5.3% in the first quarter. Geode Capital Management LLC now owns 878,180 shares of the company’s stock worth $239,885,000 after buying an additional 43,897 shares during the period. BlackRock Group LTD raised its position in O’Reilly Automotive by 1.7% in the first quarter. BlackRock Group LTD now owns 793,357 shares of the company’s stock worth $217,109,000 after buying an additional 13,142 shares during the period. Finally, Wellington Management Group LLP raised its position in O’Reilly Automotive by 98.1% in the first quarter. Wellington Management Group LLP now owns 672,115 shares of the company’s stock worth $183,930,000 after buying an additional 332,895 shares during the period. 89.53% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Inc. (NASDAQ:ORLY) traded up 0.98% during trading on Thursday, reaching $277.56. 520,988 shares of the company were exchanged. The company’s 50-day moving average price is $280.22 and its 200-day moving average price is $273.30. O’Reilly Automotive Inc. has a 1-year low of $225.12 and a 1-year high of $292.84. The stock has a market capitalization of $26.35 billion, a P/E ratio of 27.59 and a beta of 0.74.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 27th. The company reported $2.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by $0.03. The company earned $2.18 billion during the quarter, compared to analysts’ expectations of $2.19 billion. O’Reilly Automotive had a net margin of 12.02% and a return on equity of 52.57%. O’Reilly Automotive’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $2.29 earnings per share. On average, equities analysts forecast that O’Reilly Automotive Inc. will post $10.74 EPS for the current year.

ORLY has been the subject of a number of recent analyst reports. Deutsche Bank AG restated a “buy” rating on shares of O’Reilly Automotive in a research report on Sunday, July 10th. Zacks Investment Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $304.00 price target for the company in a research report on Wednesday, June 29th. Vetr lowered shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating and set a $301.89 price target for the company. in a research report on Tuesday, June 28th. Jefferies Group boosted their price target on shares of O’Reilly Automotive from $325.00 to $336.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Finally, Citigroup Inc. boosted their price target on shares of O’Reilly Automotive from $310.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $303.47.

In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $290.20, for a total value of $2,902,000.00. Following the completion of the sale, the director now directly owns 154,092 shares of the company’s stock, valued at approximately $44,717,498.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Brad W. Beckham sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $285.49, for a total transaction of $1,141,960.00. Following the completion of the sale, the senior vice president now directly owns 4,338 shares of the company’s stock, valued at $1,238,455.62. The disclosure for this sale can be found here. 3.37% of the stock is currently owned by company insiders.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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