Financiere des Professionnels Fonds d investissement inc. purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 34,140 shares of the specialty retailer’s stock, valued at approximately $3,151,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Caldwell Trust Co increased its stake in shares of O’Reilly Automotive by 1,255.6% during the fourth quarter. Caldwell Trust Co now owns 13,136 shares of the specialty retailer’s stock valued at $1,198,000 after buying an additional 12,167 shares during the period. Overbrook Management Corp lifted its stake in O’Reilly Automotive by 13.5% in the fourth quarter. Overbrook Management Corp now owns 161,551 shares of the specialty retailer’s stock worth $14,735,000 after acquiring an additional 19,171 shares during the period. Jefferies Financial Group Inc. purchased a new stake in O’Reilly Automotive in the fourth quarter worth about $3,908,000. Danske Bank A S purchased a new stake in O’Reilly Automotive in the third quarter worth about $40,561,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in O’Reilly Automotive by 6.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,870,919 shares of the specialty retailer’s stock worth $169,019,000 after acquiring an additional 115,447 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Stock Performance
NASDAQ:ORLY opened at $86.25 on Friday. The company’s 50-day simple moving average is $88.90 and its 200-day simple moving average is $91.94. O’Reilly Automotive, Inc. has a fifty-two week low of $82.59 and a fifty-two week high of $108.71. The stock has a market capitalization of $71.48 billion, a P/E ratio of 28.19, a P/E/G ratio of 1.82 and a beta of 0.51.
Insiders Place Their Bets
In other news, Director Thomas Hendrickson sold 1,200 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $88.32, for a total value of $105,984.00. Following the completion of the sale, the director owned 19,675 shares of the company’s stock, valued at $1,737,696. This trade represents a 5.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Philip M. Hopper sold 3,700 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $94.60, for a total value of $350,020.00. Following the transaction, the senior vice president owned 4,888 shares in the company, valued at approximately $462,404.80. This trade represents a 43.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 105,730 shares of company stock valued at $9,815,388. 0.77% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research firms have commented on ORLY. The Goldman Sachs Group reissued a “buy” rating and set a $113.00 target price on shares of O’Reilly Automotive in a research report on Monday. Robert W. Baird set a $110.00 price target on shares of O’Reilly Automotive in a research report on Friday, May 1st. Roth Capital reiterated a “buy” rating and set a $109.00 price objective on shares of O’Reilly Automotive in a research note on Monday, May 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Monday, April 27th. Finally, TD Cowen reissued a “buy” rating and issued a $117.00 price objective (up from $115.00) on shares of O’Reilly Automotive in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $110.70.
Read Our Latest Stock Report on ORLY
About O’Reilly Automotive
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.
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