Professional Financial Advisors LLC grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 84.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 15,985 shares of the specialty retailer’s stock after acquiring an additional 7,312 shares during the quarter. Professional Financial Advisors LLC’s holdings in O’Reilly Automotive were worth $1,472,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sivia Capital Partners LLC increased its position in shares of O’Reilly Automotive by 1,190.5% during the second quarter. Sivia Capital Partners LLC now owns 3,536 shares of the specialty retailer’s stock worth $319,000 after purchasing an additional 3,262 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of O’Reilly Automotive by 1,473.8% in the 2nd quarter. NewEdge Advisors LLC now owns 69,482 shares of the specialty retailer’s stock valued at $6,262,000 after purchasing an additional 65,067 shares during the period. Sei Investments Co. boosted its position in shares of O’Reilly Automotive by 383.1% in the 2nd quarter. Sei Investments Co. now owns 560,353 shares of the specialty retailer’s stock valued at $50,502,000 after purchasing an additional 444,371 shares during the period. BNP Paribas grew its stake in O’Reilly Automotive by 1,400.0% during the 2nd quarter. BNP Paribas now owns 390 shares of the specialty retailer’s stock worth $35,000 after buying an additional 364 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in O’Reilly Automotive by 1,357.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 498,745 shares of the specialty retailer’s stock worth $44,950,000 after buying an additional 464,536 shares during 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 $93.53 on Monday. O’Reilly Automotive, Inc. has a twelve month low of $82.59 and a twelve month high of $108.71. The stock has a 50 day moving average of $88.48 and a two-hundred day moving average of $91.57. The stock has a market capitalization of $77.51 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.05 and a beta of 0.51.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Roth Capital reiterated a “buy” rating and issued a $111.00 price objective on shares of O’Reilly Automotive in a research note on Friday, July 31st. Royal Bank Of Canada restated an “outperform” rating on shares of O’Reilly Automotive in a research report on Friday, April 24th. Mizuho lifted their target price on shares of O’Reilly Automotive from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Wolfe Research set a $98.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, July 15th. Finally, TD Cowen decreased their price target on shares of O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.94.
Read Our Latest Stock Analysis on O’Reilly Automotive
Insider Buying and Selling at O’Reilly Automotive
In other news, Director Thomas Hendrickson sold 1,200 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were 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 in the company, valued at approximately $1,737,696. This trade represents a 5.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 2,595 shares of O’Reilly Automotive stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $88.67, for a total transaction of $230,098.65. Following the completion of the sale, the director directly owned 4,000 shares in the company, valued at approximately $354,680. The trade was a 39.35% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 88,395 shares of company stock valued at $8,170,043. 0.77% of the stock is owned by company insiders.
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.
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