O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Bought by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 12.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,083 shares of the specialty retailer’s stock after purchasing an additional 3,775 shares during the quarter. Bank Pictet & Cie Europe AG owned approximately 0.06% of O’Reilly Automotive worth $39,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Asset Dedication LLC lifted its position in shares of O’Reilly Automotive by 6.2% in the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after purchasing an additional 9 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in O’Reilly Automotive by 2.6% in the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after buying an additional 10 shares during the last quarter. Marcum Wealth LLC raised its position in O’Reilly Automotive by 5.1% during the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after acquiring an additional 10 shares in the last quarter. Ausdal Financial Partners Inc. raised its position in O’Reilly Automotive by 2.9% during the second quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock valued at $372,000 after acquiring an additional 10 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in O’Reilly Automotive by 3.7% in the first quarter. Arkadios Wealth Advisors now owns 306 shares of the specialty retailer’s stock valued at $345,000 after acquiring an additional 11 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at O’Reilly Automotive

In related news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now directly owns 1,097 shares in the company, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dana Perlman sold 48 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ORLY shares. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Bank of America raised their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Truist Financial upped their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Wedbush reissued a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Finally, Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,206.87.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,205.38 on Wednesday. The company’s fifty day moving average is $1,145.92 and its two-hundred day moving average is $1,079.80. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,221.18. The firm has a market capitalization of $69.92 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 2.30 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $10.22 earnings per share. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.06 earnings per share for the current fiscal year.

O’Reilly Automotive Profile

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.