O’Reilly Automotive, Inc. $ORLY Shares Bought by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 336.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,943 shares of the specialty retailer’s stock after acquiring an additional 33,103 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in O’Reilly Automotive were worth $4,630,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of O’Reilly Automotive by 1,404.9% in the second quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock valued at $7,105,396,000 after buying an additional 73,596,571 shares in the last quarter. State Street Corp grew its position in shares of O’Reilly Automotive by 1,424.2% in the second quarter. State Street Corp now owns 37,179,783 shares of the specialty retailer’s stock valued at $3,351,014,000 after purchasing an additional 34,740,553 shares during the last quarter. Geode Capital Management LLC lifted its stake in O’Reilly Automotive by 1,443.1% in the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock valued at $2,130,866,000 after buying an additional 22,144,563 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of O’Reilly Automotive by 1,317.8% in the second quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock valued at $1,590,894,000 after acquiring an additional 16,406,181 shares in the last quarter. Finally, Jennison Associates LLC increased its position in O’Reilly Automotive by 1,820.9% during the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after purchasing an additional 13,382,074 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ORLY shares. UBS Group reissued a “buy” rating and issued a $120.00 price objective (up previously from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $111.00 price target (up from $110.00) on shares of O’Reilly Automotive in a report on Friday. Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Raymond James Financial raised O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research report on Wednesday, November 5th. Finally, Truist Financial set a $109.00 target price on O’Reilly Automotive in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $111.85.

Insider Activity at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 2,355 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total value of $238,585.05. Following the completion of the sale, the senior vice president owned 28 shares of the company’s stock, valued at $2,836.68. This represents a 98.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction 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 sale, 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. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Trading Down 0.4%

ORLY stock opened at $98.01 on Tuesday. The company has a market cap of $82.73 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 2.09 and a beta of 0.62. The stock has a 50-day moving average price of $95.47 and a two-hundred day moving average price of $99.16. O’Reilly Automotive, Inc. has a 12-month low of $85.55 and a 12-month high of $108.71.

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.