Atlantic Union Bankshares Corp Increases Stock Position in O’Reilly Automotive, Inc. $ORLY

Atlantic Union Bankshares Corp increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 336.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,943 shares of the specialty retailer’s stock after buying an additional 33,103 shares during the period. Atlantic Union Bankshares Corp’s holdings in O’Reilly Automotive were worth $4,630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canton Hathaway LLC lifted its stake in shares of O’Reilly Automotive by 1,400.0% in the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 280 shares in the last quarter. Nemes Rush Group LLC increased its holdings in O’Reilly Automotive by 1,400.0% during the 2nd quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 294 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of O’Reilly Automotive by 127.7% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 152 shares during the last quarter. Aspect Partners LLC grew its position in shares of O’Reilly Automotive by 3,036.4% during the second quarter. Aspect Partners LLC now owns 345 shares of the specialty retailer’s stock worth $31,000 after buying an additional 334 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its stake in shares of O’Reilly Automotive by 1,400.0% in the second quarter. Bell Investment Advisors Inc now owns 345 shares of the specialty retailer’s stock worth $31,000 after buying an additional 322 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $98.01 on Tuesday. O’Reilly Automotive, Inc. has a 1 year low of $85.55 and a 1 year high of $108.71. The firm has a market cap of $82.73 billion, a P/E ratio of 33.95, a PEG ratio of 2.09 and a beta of 0.62. The stock has a fifty day moving average price of $95.47 and a two-hundred day moving average price of $99.16.

Insider Activity

In related news, SVP Philip M. Hopper sold 3,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the transaction, the senior vice president directly owned 4,792 shares of the company’s stock, valued at $485,190. The trade was a 42.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the transaction, the senior vice president owned 28 shares of the company’s stock, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays set a $91.00 price target on shares of O’Reilly Automotive and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Mizuho set a $112.00 price target on shares of O’Reilly Automotive in a research report on Monday, October 20th. Wells Fargo & Company set a $115.00 target price on shares of O’Reilly Automotive and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Wolfe Research raised O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Finally, The Goldman Sachs Group set a $121.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, O’Reilly Automotive has a consensus rating of “Buy” and a consensus target price of $111.85.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.