The O’Reilly Automotive Inc. (ORLY) Position Boosted by Candriam Luxembourg S.C.A.

The O’Reilly Automotive Inc. (ORLY) Position Boosted by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. increased its position in shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) by 24.1% during the second quarter, Holdings Channel reports. The fund owned 3,262 shares of the company’s stock after buying an additional 633 shares during the period. Candriam Luxembourg S.C.A.’s holdings in O’Reilly Automotive were worth $884,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ORLY. Ngam Advisors L.P. bought a new stake in shares of O’Reilly Automotive during the first quarter worth $2,743,000. Franklin Resources Inc. increased its stake in shares of O’Reilly Automotive by 1,710.3% in the first quarter. Franklin Resources Inc. now owns 71,779 shares of the company’s stock valued at $19,643,000 after buying an additional 67,814 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of O’Reilly Automotive by 91.4% in the first quarter. JPMorgan Chase & Co. now owns 1,195,354 shares of the company’s stock valued at $327,121,000 after buying an additional 570,755 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of O’Reilly Automotive during the first quarter valued at $164,000. Finally, Advisor Partners LLC increased its stake in shares of O’Reilly Automotive by 62.0% in the first quarter. Advisor Partners LLC now owns 1,855 shares of the company’s stock valued at $508,000 after buying an additional 710 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.

Shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) traded down 0.79% during mid-day trading on Friday, hitting $275.38. The stock had a trading volume of 505,553 shares. O’Reilly Automotive Inc. has a 52-week low of $225.12 and a 52-week high of $292.84. The stock has a 50 day moving average price of $279.92 and a 200-day moving average price of $273.34. The company has a market cap of $26.14 billion, a PE ratio of 27.37 and a beta of 0.74.

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

Several brokerages have weighed in on ORLY. Susquehanna began coverage on O’Reilly Automotive in a report on Thursday, August 25th. They issued a “positive” rating and a $343.00 price target for the company. Wedbush reissued an “outperform” rating and issued a $310.00 price target (up previously from $280.00) on shares of O’Reilly Automotive in a report on Wednesday, August 10th. Vetr downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating and set a $300.40 price target for the company. in a report on Monday, August 1st. Deutsche Bank AG raised their price target on O’Reilly Automotive from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Citigroup Inc. raised their price target on O’Reilly Automotive from $310.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $303.47.

In related news, EVP Jeff M. Shaw sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $290.00, for a total value of $2,900,000.00. Following the completion of the sale, the executive vice president now directly owns 34,118 shares of the company’s stock, valued at approximately $9,894,220. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul R. Lederer sold 100 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $283.00, for a total value of $28,300.00. The disclosure for this sale can be found here. 3.37% of the stock is owned by corporate 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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