Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 82,511 shares of the specialty retailer’s stock, valued at approximately $7,598,000.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of O’Reilly Automotive by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 79,730,143 shares of the specialty retailer’s stock worth $7,272,186,000 after purchasing an additional 458,613 shares during the period. BlackRock Inc. purchased a new position in shares of O’Reilly Automotive during the 2nd quarter valued at approximately $5,950,042,000. State Street Corp lifted its stake in shares of O’Reilly Automotive by 0.4% in the 4th quarter. State Street Corp now owns 37,206,098 shares of the specialty retailer’s stock valued at $3,393,568,000 after purchasing an additional 140,387 shares during the period. Geode Capital Management LLC lifted its stake in shares of O’Reilly Automotive by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 24,140,497 shares of the specialty retailer’s stock valued at $2,201,555,000 after purchasing an additional 372,896 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in O’Reilly Automotive by 25.1% during the fourth quarter. Wellington Management Group LLP now owns 14,755,276 shares of the specialty retailer’s stock worth $1,345,829,000 after buying an additional 2,964,945 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.
O’Reilly Automotive Stock Performance
O’Reilly Automotive stock opened at $89.11 on Friday. The stock has a market capitalization of $72.09 billion, a P/E ratio of 28.38, a P/E/G ratio of 1.95 and a beta of 0.51. The company’s fifty day moving average price is $88.91 and its 200 day moving average price is $91.07. O’Reilly Automotive, Inc. has a 1 year low of $82.59 and a 1 year high of $108.71.
Insider Buying and Selling
In other news, SVP Christopher Andrew Mancini sold 3,000 shares of O’Reilly Automotive stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total transaction of $279,000.00. Following the transaction, the senior vice president owned 189 shares in the company, valued at $17,577. The trade was a 94.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maria Sastre sold 2,000 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $91.85, for a total transaction of $183,700.00. Following the transaction, the director directly owned 14,970 shares in the company, valued at $1,374,994.50. This trade represents a 11.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 6,200 shares of company stock worth $568,684. 0.77% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms have weighed in on ORLY. Wells Fargo & Company set a $100.00 price objective on shares of O’Reilly Automotive in a report on Friday, July 24th. Evercore reissued an “outperform” rating and set a $115.00 target price on shares of O’Reilly Automotive in a research note on Friday, May 1st. Roth Capital restated a “buy” rating and set a $111.00 target price on shares of O’Reilly Automotive in a research report on Friday, July 31st. Mizuho lifted their price target on O’Reilly Automotive from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings raised O’Reilly Automotive from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $107.24.
View Our Latest Stock Report on O’Reilly Automotive
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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