Cibc World Market Inc. purchased a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) in the second quarter, HoldingsChannel.com reports. The fund purchased 133,057 shares of the specialty retailer’s stock, valued at approximately $12,253,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Caldwell Trust Co boosted its holdings in shares of O’Reilly Automotive by 1,255.6% during the 4th quarter. Caldwell Trust Co now owns 13,136 shares of the specialty retailer’s stock worth $1,198,000 after buying an additional 12,167 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its holdings in O’Reilly Automotive by 26.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 58,297 shares of the specialty retailer’s stock worth $5,381,000 after buying an additional 12,316 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of O’Reilly Automotive in the 4th quarter worth $3,908,000. Swiss National Bank increased its stake in O’Reilly Automotive by 6.5% in the 1st quarter. Swiss National Bank now owns 2,477,200 shares of the specialty retailer’s stock valued at $228,670,000 after buying an additional 152,100 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in O’Reilly Automotive by 6.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,870,919 shares of the specialty retailer’s stock worth $169,019,000 after purchasing an additional 115,447 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Trading Up 1.8%
O’Reilly Automotive stock opened at $90.68 on Tuesday. The firm has a 50 day simple moving average of $88.92 and a 200 day simple moving average of $90.97. O’Reilly Automotive, Inc. has a 1-year low of $82.59 and a 1-year high of $108.71. The firm has a market capitalization of $73.36 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 1.95 and a beta of 0.51.
Analyst Ratings Changes
Several brokerages have commented on ORLY. Roth Capital reaffirmed a “buy” rating and issued a $111.00 price objective on shares of O’Reilly Automotive in a research report on Friday, July 31st. TD Cowen reduced their target price on shares of O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Mizuho lifted their price target on shares of O’Reilly Automotive from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Citigroup reissued a “buy” rating and set a $106.00 price objective (up from $104.00) on shares of O’Reilly Automotive in a report on Monday, August 3rd. Finally, Truist Financial set a $108.00 price target on O’Reilly Automotive in a research note on Thursday, April 30th. One research 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.24.
Get Our Latest Stock Analysis on O’Reilly Automotive
Insider Buying and Selling
In other news, Director Maria Sastre sold 2,000 shares of the company’s 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 sale, the director directly owned 14,970 shares in the company, valued at $1,374,994.50. This represents a 11.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas Hendrickson sold 1,200 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $88.32, for a total transaction of $105,984.00. Following the completion of the sale, the director directly owned 19,675 shares in the company, valued at approximately $1,737,696. The trade was a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 6,200 shares of company stock valued at $568,684. Corporate insiders own 0.77% of the company’s stock.
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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