According to the most recent filing with the SEC, First Trust Advisors LP reported that it cut the number of shares of O’Reilly Automotive, INC (NASDAQ: ORLY) that it held by 20.8% during the third quarter.
The institutional investor had 49,832 shares of the company’s stock after selling 13,056 shares of the specialty retailer’s stock throughout the time frame.
According to the most recent filing that First Trust Advisors LP submitted to the SEC, the investment firm owned approximately 0.08% of O’Reilly Automotive, which had a market value of $35,049,000.
Various research analysts from various companies have provided opinions on ORLY.
Morgan Stanley raised their price target on O’Reilly Automotive shares from $780.00 to $830.00 and upgraded the company’s rating from “equal weight” to “overweight” in a research report released on Tuesday, January 17, 2019.
The “buy” rating that Roth Capital had previously assigned to O’Reilly Automotive was reiterated in a research report published on February 8. On February 7, a report that was made public stated that Barclays had begun providing coverage for O’Reilly Automotive.
The report was made public by O’Reilly Automotive.
They assigned the stock the rating of “equal weight” and concluded that it should be priced at $815.00. On January 5, Wells Fargo & Company issued a report that upgraded O’Reilly Automotive from an “underweight” rating to an “overweight” rating and raised their target price on the stock from $850.00 to $925.00.
Additionally, the stock’s target price was increased by the same amount.
In addition to that, the price target placed on the stock was increased concurrently with the event.
MKM Partners increased their target price on O’Reilly Automotive from $865.00 to $900.00 in a report disseminated on Friday, December 9.
The agenda was complete, and this was the final and most important item.
Eleven financial market analysts have suggested that investors purchase the company’s stock.
In contrast, only four have suggested that investors keep the same amount of stock in their portfolios.
The information that Bloomberg provided indicates that the stock is currently rated as having an average rating of “Moderate Buy” and a price target of $859.60.
Recently, several other institutional investors have bought and sold ORLY stock.
These transactions took place in recent months.
During the company’s third fiscal quarter, Sepio Capital LP achieved a 110.6% increase in the proportion of O’Reilly Automotive shares it holds.
During the third quarter, PFG Advisors increased the percentage of O’Reilly Automotive stock it held in its portfolio by 13.1%.
By purchasing an additional 2,476 shares of the specialty retailer during the most recent quarter, Sepio Capital LP was able to increase the size of its holdings in the company.
The current number of shares of company stock that the company holds is 4,715, and their combined value is $3,316,000. Following the acquisition of an additional 125 shares during the most recent quarter, PFG Advisors now holds 1,077 shares of the specialty retailer’s stock, valued at $758,000.
These shares could be yours for a total investment of 1.
Advisors Asset Management INC increased the amount of O’Reilly Automotive stock owned by 2.7% over the second quarter. Following acquiring an additional 86 shares during the preceding quarter, Advisors Asset Management INC now holds 3,311 shares of the specialty retailer’s stock.
Based on the current estimated market value, this amount is approximately $2,092,000.
During the second quarter, Cerity Partners LLC increased the stock held in its portfolio by 5.2% by purchasing additional shares of O’Reilly Automotive.
After the recent acquisition of 206 additional shares during the most recent fiscal quarter, Cerity Partners LLC now has 4,191 shares of the specialty retailer’s stock, valued at a total of $2,647,000.
This brings the total number of shares held by the company to 4,191.
During the third quarter of 2018, Money Concepts Capital Corp.
Increased the amount of O’Reilly Automotive stock owned by 60.2%, making this the last and most important point. Following acquiring an additional 62 shares during the preceding quarter, Money Concepts Capital Corp. now owns 165 shares of the specialty retailer’s stock.
These 165 shares are currently valued at $116,000, making the company’s total investment in the stock 116,000 dollars.
The vast majority of the stock in the company is held by institutional investors, which accounts for 90.50 percent of the total.
The opening price for NASDAQ ORLY shares was $839.44 on Tuesday when trading began.
The stock’s price has averaged $790.60 over the past 200 trading days, while its moving average price over the past 50 trading days is $825.19. O’Reilly Automotive, INC reached its all-time high of $873.94 last year, while the company hit its all-time low of $562.90 in the same period.
In addition to having a beta value of 0.88 and a market value of $51.90 billion, the company has a price-to-earnings-to-growth ratio of 1.77.
On February 8, 2018, O’Reilly Automotive (NASDAQ: ORLY) shared the results of its most recent quarterly report with investors.
The specialized retailer reported an earnings per share figure for the quarter of $8.37, which was $0.66 more than industry experts’ prediction of $7.71. However, the revenue the company brought in for the quarter was $3.64 billion, significantly higher than the $3.50 billion analysts predicted it would bring in for the period.
Despite having a net margin of 15.08%, O’Reilly Automotive had a negative return on equity of 234.76%.
This was even though the company had a positive net margin. Compared to the same period the previous year, the company’s quarterly revenue achieved a 10.7% increase.
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