Summit Global Investments Sells 17,810 Shares of O’Reilly Automotive, Inc. $ORLY

Summit Global Investments reduced its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 46.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,494 shares of the specialty retailer’s stock after selling 17,810 shares during the period. Summit Global Investments’ holdings in O’Reilly Automotive were worth $2,210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brant Point Investment Management LLC raised its stake in shares of O’Reilly Automotive by 1,244.7% in the second quarter. Brant Point Investment Management LLC now owns 149,520 shares of the specialty retailer’s stock worth $13,476,000 after purchasing an additional 138,401 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in shares of O’Reilly Automotive by 1,898.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 3,117 shares of the specialty retailer’s stock valued at $281,000 after acquiring an additional 2,961 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of O’Reilly Automotive by 1,438.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock worth $125,150,000 after acquiring an additional 1,298,307 shares during the period. Oxbow Advisors LLC raised its holdings in shares of O’Reilly Automotive by 785.7% during the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after purchasing an additional 58,828 shares during the last quarter. Finally, Providence First Trust Co boosted its holdings in O’Reilly Automotive by 1,433.6% in the second quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock valued at $618,000 after purchasing an additional 6,408 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 2,355 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the sale, the senior vice president owned 28 shares of the company’s stock, valued at $2,836.68. The trade was a 98.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the sale, the director directly owned 8,125 shares of the company’s stock, valued at $752,375. The trade was a 27.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 8,980 shares of company stock worth $882,335. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $98.85 on Friday. The stock has a market capitalization of $83.44 billion, a P/E ratio of 34.24, a PEG ratio of 2.15 and a beta of 0.63. The business has a 50 day simple moving average of $95.53 and a two-hundred day simple moving average of $98.97. O’Reilly Automotive, Inc. has a 12 month low of $85.55 and a 12 month high of $108.71.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ORLY shares. Evercore ISI set a $110.00 price objective on O’Reilly Automotive and gave the company an “outperform” rating in a report on Tuesday, December 16th. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research note on Wednesday, November 5th. Wells Fargo & Company set a $115.00 price target on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a report on Wednesday, October 15th. UBS Group reaffirmed a “buy” rating and issued a $120.00 price objective (up previously from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Finally, Mizuho set a $112.00 target price on shares of O’Reilly Automotive in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $111.80.

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.