DekaBank Deutsche Girozentrale increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 23.7% in the third quarter, according to its latest Form 13F filed with the SEC. The company owned his 13,982 shares of specialty retailer stock after purchasing an additional 2,679 shares during the period. DekaBank Deutsche Girozentrale’s holdings in O’Reilly Automotive were valued at $9,898,000 at the end of the most recent reporting period.
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Several other hedge funds have also changed stock positions. Riverview Trust Co held 56.5% of his stake in O’Reilly Automotive in the third quarter. After Riverview Trust Co purchased 13 more shares during this period, he now owns 36 shares in the specialty retailer worth $25,000. Acropolis Investment Management LLC raised his stake in O’Reilly Automotive by 0.5% in the third quarter. Acropolis Investment Management LLC owns 3,081 shares of specialty retailer valued at $2,167,000 after purchasing an additional 14 shares during this period. Mission Wealth Management LP raised his O’Reilly Automotive stake by 2.4% in the third quarter. Mission Wealth Management LP owns 600 shares of the specialty retailer valued at $422,000 after purchasing an additional 14 shares during this period. Baker Tilly Wealth Management LLC increased its stake in O’Reilly Automotive by 0.8% in the third quarter. Baker Tilly Wealth Management LLC owns 1,695 shares of specialty retailer valued at $1,192,000 after purchasing an additional 14 shares during this period. Finally, Rosenberg Matthew Hamilton boosted his O’Reilly Automotive stock by 14.2% in the second quarter. Rosenberg Matthew Hamilton owns 121 shares of the specialty retailer worth $77,000 after purchasing another 15 shares during this period. Institutional investors own 90.50% of the company’s shares.
Insider activity at O’Reilly Automotive
In related news, COO Brad W. Beckham sold 4,574 shares in the company in a transaction that took place on Wednesday, November 9th. The shares sold for an average of $834.78 for a total of $3,818,283.72. Following the closing of the sale, the Chief Operating Officer now owns 644 shares of the Company’s stock valued at $537,598.32. The sale is disclosed in documents filed with the SEC, which can be accessed on his website. In related news, COO Brad W. Beckham sold 4,574 shares in the company in a transaction that took place on Wednesday, November 9th. The shares sold for an average of $834.78 for a total of $3,818,283.72. Following the closing of the sale, the Chief Operating Officer now owns 644 shares of the Company’s stock valued at $537,598.32. The sale is disclosed in documents filed with the SEC, which can be accessed on his website. CFO Jeremy Adam Fletcher also sold 4,635 shares of the company in a transaction that took place on Monday, November 21st. The shares sold for an average of $844.17, with a total transaction value of $3,912,727.95 for him. Following the closing of the sale, the Chief Financial Officer now directly owns 2,284 shares of the Company’s stock valued at approximately $1,928,084.28. Please see here for the disclosure of this sale. Insiders sold 26,127 shares of company stock worth a total of $21,726,054 in the last quarter. A corporate insider owns his 1.73% stake in the company.
Analyst sets new price target
Several research analysts recently published reports on the ORLY stock. Morgan Stanley raised its price target on O’Reilly Automotive shares from her $780.00 to her $830.00, giving it an “equal-weighted” rating in a research report on Tuesday. Citigroup raised its price target on O’Reilly Automotive stock to $855.00 from her $770.00, giving it a “neutral” rating in a research report on Wednesday, Nov. 23. Truist Financial raised its price target on O’Reilly Automotive stock from $765.00 to $892.00 in its research report on Friday, October 28, giving the stock a Buy rating. StockNews.com began coverage of his O’Reilly Automotive shares in a research report on Wednesday, Oct. 12. They gave the company a “buy” rating. Finally, MKM Partners raised its price target on O’Reilly Automotive stock from $865.00 to $900.00 in his Friday, Dec. 9 research report. Three equity research analysts rated the stock with a hold rating and 11 assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “moderate buy” and an average target price of $833.21.
O’Reilly Automotive Price Performance
O’Reilly Automotive shares opened Friday at $793.73. The company has a market cap of $49.67 billion, a P/E ratio of 24.23, a P/E/G ratio of 1.72 and a beta of 0.96. The company has a 50-day simple moving average of $832.38 and a 200-day simple moving average of $760.29. O’Reilly Automotive, Inc. hit a 52-week low of $562.90 and a 52-week high of $870.92.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) reported its final quarterly results on Wednesday, October 26th. The specialty retailer posted earnings per share of $9.17 for the quarter, beating analysts’ consensus forecast of $8.46 by $0.71. The business generated $3.8 billion in revenue for the quarter, compared with analyst estimates of $3.71 billion. O’Reilly Automotive had a net profit margin of 15.39% and a return on equity of 319.55%. O’Reilly Automotive’s fourth quarter revenue increased 9.2% compared to the same period last year. During the same quarter last year, the business posted his $8.07 earnings per share. On average, sell-side analysts expect O’Reilly Automotive, Inc. to post 32.7 EPS this year.
O’Reilly Automotive Profile
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O’Reilly Automotive, Inc., along with its subsidiaries, operates in the United States as a retailer and supplier of automotive aftermarket parts, tools, consumables, equipment and accessories. The company specializes in new and remanufactured automotive hardware, including alternators, batteries, brake system components, belts, chassis components, driveline components, engine components, fuel pumps, hoses, starters, temperature controls, water pumps, antifreeze, and exteriors. We offer parts and maintenance items for products, engine additives, filters, fluids, lighting products, oils and wiper blades. Accessories such as floor mats, seat covers and truck accessories.
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