Mackay Shields LLC Boosts Position in O’Reilly Automotive Inc (ORLY)

Mackay Shields LLC boosted its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 56.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,674 shares of the specialty retailer’s stock after buying an additional 12,509 shares during the quarter. Mackay Shields LLC’s holdings in O’Reilly Automotive were worth $11,939,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ORLY. Geode Capital Management LLC grew its position in O’Reilly Automotive by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 1,121,559 shares of the specialty retailer’s stock valued at $385,559,000 after buying an additional 100,713 shares during the period. Bank of Montreal Can grew its position in O’Reilly Automotive by 81.2% during the fourth quarter. Bank of Montreal Can now owns 218,758 shares of the specialty retailer’s stock valued at $75,324,000 after buying an additional 98,053 shares during the period. TIAA CREF Investment Management LLC grew its position in O’Reilly Automotive by 39.6% during the third quarter. TIAA CREF Investment Management LLC now owns 310,736 shares of the specialty retailer’s stock valued at $107,925,000 after buying an additional 88,110 shares during the period. AQR Capital Management LLC grew its position in O’Reilly Automotive by 258.6% during the third quarter. AQR Capital Management LLC now owns 119,910 shares of the specialty retailer’s stock valued at $41,647,000 after buying an additional 86,468 shares during the period. Finally, Eaton Vance Management grew its position in O’Reilly Automotive by 73.3% during the fourth quarter. Eaton Vance Management now owns 183,053 shares of the specialty retailer’s stock valued at $63,031,000 after buying an additional 77,450 shares during the period. Institutional investors own 83.95% of the company’s stock.

Shares of NASDAQ:ORLY opened at $370.02 on Friday. The company has a debt-to-equity ratio of 9.66, a current ratio of 0.91 and a quick ratio of 0.09. The stock has a market cap of $28.85 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 1.34 and a beta of 0.84. O’Reilly Automotive Inc has a twelve month low of $217.64 and a twelve month high of $394.42.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.04). The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. O’Reilly Automotive’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.90 EPS. Analysts predict that O’Reilly Automotive Inc will post 17.75 EPS for the current fiscal year.

In other news, EVP Brad W. Beckham sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $370.71, for a total value of $1,853,550.00. Following the completion of the transaction, the executive vice president now directly owns 5,454 shares in the company, valued at $2,021,852.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Larry Lee Ellis sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $376.23, for a total transaction of $300,984.00. Following the completion of the transaction, the senior vice president now owns 1,156 shares of the company’s stock, valued at $434,921.88. The disclosure for this sale can be found here. Insiders have sold 76,915 shares of company stock valued at $28,949,149 in the last quarter. Company insiders own 3.07% of the company’s stock.

Several equities analysts recently weighed in on ORLY shares. BidaskClub upgraded shares of O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 27th. Zacks Investment Research lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Credit Suisse Group restated a “hold” rating and set a $318.00 price target on shares of O’Reilly Automotive in a research report on Tuesday, February 5th. Oppenheimer restated a “buy” rating on shares of O’Reilly Automotive in a research report on Thursday, December 20th. Finally, Raymond James set a $408.00 price target on shares of O’Reilly Automotive and gave the company a “strong-buy” rating in a research report on Friday, December 14th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $360.33.

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About O’Reilly Automotive

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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