Ninety One North America Inc. Boosts Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ninety One North America Inc. raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,936 shares of the specialty retailer’s stock after purchasing an additional 167 shares during the period. Ninety One North America Inc.’s holdings in O’Reilly Automotive were worth $5,640,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new position in O’Reilly Automotive during the 2nd quarter valued at about $25,000. Steward Financial Group LLC increased its position in O’Reilly Automotive by 141.7% during the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 17 shares during the period. Ancora Advisors LLC purchased a new position in O’Reilly Automotive during the 4th quarter valued at about $30,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in O’Reilly Automotive during the 3rd quarter valued at about $34,000. Finally, Carmel Capital Partners LLC increased its position in O’Reilly Automotive by 1,750.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Up 0.8 %

NASDAQ ORLY traded up $8.33 on Thursday, hitting $1,103.13. 122,025 shares of the company’s stock traded hands, compared to its average volume of 364,156. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11. The firm’s 50-day moving average price is $1,091.08 and its two-hundred day moving average price is $1,007.49. The firm has a market capitalization of $65.12 billion, a PE ratio of 28.45, a P/E/G ratio of 1.98 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, beating the consensus estimate of $9.07 by $0.19. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the business posted $8.37 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares in the company, valued at approximately $987,316. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the transaction, the director now directly owns 950 shares in the company, valued at approximately $987,316. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the transaction, the chief financial officer now owns 2,335 shares of the company’s stock, valued at $2,400,380. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,968 shares of company stock worth $27,269,333. Company insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company lifted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Evercore ISI cut their price objective on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating on the stock in a research report on Tuesday. Truist Financial lifted their price objective on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,102.53.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.