Mercer Global Advisors Inc. ADV Acquires Shares of 2,527 O’Reilly Automotive Inc (ORLY)

Share on StockTwits

Mercer Global Advisors Inc. ADV acquired a new position in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,527 shares of the specialty retailer’s stock, valued at approximately $870,000.

Several other large investors also recently bought and sold shares of ORLY. CI Investments Inc. increased its position in O’Reilly Automotive by 0.7% during the 3rd quarter. CI Investments Inc. now owns 197,479 shares of the specialty retailer’s stock valued at $68,588,000 after buying an additional 1,309 shares in the last quarter. Standard Life Aberdeen plc increased its holdings in shares of O’Reilly Automotive by 8.4% in the third quarter. Standard Life Aberdeen plc now owns 26,488 shares of the specialty retailer’s stock valued at $9,199,000 after purchasing an additional 2,050 shares during the period. LPL Financial LLC increased its holdings in shares of O’Reilly Automotive by 16.3% in the third quarter. LPL Financial LLC now owns 13,349 shares of the specialty retailer’s stock valued at $4,636,000 after purchasing an additional 1,866 shares during the period. HPM Partners LLC increased its holdings in shares of O’Reilly Automotive by 8.9% in the third quarter. HPM Partners LLC now owns 3,741 shares of the specialty retailer’s stock valued at $1,299,000 after purchasing an additional 305 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in shares of O’Reilly Automotive by 40.0% in the third quarter. Macquarie Group Ltd. now owns 1,400 shares of the specialty retailer’s stock valued at $486,000 after purchasing an additional 400 shares during the period. Institutional investors own 86.69% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered O’Reilly Automotive from a “hold” rating to a “sell” rating in a report on Monday. Morgan Stanley increased their price objective on O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday. Citigroup increased their price objective on O’Reilly Automotive from $422.00 to $454.00 and gave the company a “buy” rating in a report on Monday, April 1st. BidaskClub raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Evercore ISI assumed coverage on O’Reilly Automotive in a report on Wednesday, March 20th. They issued an “in-line” rating and a $375.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. O’Reilly Automotive has an average rating of “Buy” and a consensus target price of $369.35.

Shares of ORLY opened at $408.49 on Wednesday. O’Reilly Automotive Inc has a 52 week low of $217.64 and a 52 week high of $414.63. The company has a current ratio of 0.91, a quick ratio of 0.09 and a debt-to-equity ratio of 9.66. The stock has a market capitalization of $32.04 billion, a PE ratio of 25.37, a P/E/G ratio of 1.49 and a beta of 0.85.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.04). O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the company earned $2.90 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts predict that O’Reilly Automotive Inc will post 17.78 EPS for the current fiscal year.

In other O’Reilly Automotive news, COO Jeff M. Shaw sold 2,758 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $395.00, for a total transaction of $1,089,410.00. Following the transaction, the chief operating officer now owns 26,992 shares in the company, valued at $10,661,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeff M. Shaw sold 3,615 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $375.35, for a total value of $1,356,890.25. Following the transaction, the chief operating officer now owns 27,832 shares in the company, valued at approximately $10,446,741.20. The disclosure for this sale can be found here. Insiders sold 119,273 shares of company stock worth $44,907,567 in the last 90 days. Company insiders own 2.52% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Mercer Global Advisors Inc. ADV Acquires Shares of 2,527 O’Reilly Automotive Inc (ORLY)” was reported by Macon Daily and is the sole property of of Macon Daily. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://macondaily.com/2019/04/17/mercer-global-advisors-inc-adv-acquires-shares-of-2527-oreilly-automotive-inc-orly.html.

O’Reilly Automotive Profile

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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

Read More: Liquidity

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive Inc (NASDAQ:ORLY).

Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.