AustralianSuper Pty Ltd Purchases New Position in O’Reilly Automotive, Inc. $ORLY

AustralianSuper Pty Ltd bought a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,804 shares of the specialty retailer’s stock, valued at approximately $4,291,000.

Several other institutional investors and hedge funds have also made changes to their positions in ORLY. Mirae Asset Global Investments Co. Ltd. grew its stake in O’Reilly Automotive by 8.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 367,323 shares of the specialty retailer’s stock worth $39,601,000 after buying an additional 27,989 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of O’Reilly Automotive by 1.4% in the third quarter. Truist Financial Corp now owns 319,187 shares of the specialty retailer’s stock valued at $34,412,000 after acquiring an additional 4,334 shares during the period. J. Safra Sarasin Holding AG purchased a new position in shares of O’Reilly Automotive during the third quarter worth approximately $2,879,000. Phoenix Financial Ltd. increased its holdings in shares of O’Reilly Automotive by 31.2% in the 3rd quarter. Phoenix Financial Ltd. now owns 5,676 shares of the specialty retailer’s stock valued at $612,000 after acquiring an additional 1,350 shares during the period. Finally, CFM Wealth Partners LLC raised its position in O’Reilly Automotive by 1.8% in the 3rd quarter. CFM Wealth Partners LLC now owns 140,015 shares of the specialty retailer’s stock valued at $15,095,000 after purchasing an additional 2,454 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $98.41 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $85.55 and a fifty-two week high of $108.71. The firm has a market capitalization of $83.07 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 2.10 and a beta of 0.63. The stock’s fifty day moving average is $95.49 and its two-hundred day moving average is $99.01.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Mizuho set a $112.00 price objective on shares of O’Reilly Automotive in a research report on Monday, October 20th. Wolfe Research raised O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Barclays set a $91.00 price objective on O’Reilly Automotive and gave the company an “equal weight” rating in a research note on Monday, October 27th. Raymond James Financial upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of O’Reilly Automotive in a research note on Wednesday. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $111.85.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the sale, the director owned 8,125 shares of the company’s stock, valued at $752,375. This represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Philip M. Hopper sold 3,500 shares of the firm’s stock in a transaction that occurred on 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 approximately $485,190. This trade represents a 42.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 8,980 shares of company stock valued at $882,335. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive 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.