Commerce Bank bought a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) in the second quarter, HoldingsChannel reports. The firm bought 271,180 shares of the specialty retailer’s stock, valued at approximately $24,973,000.
Other large investors have also recently modified their holdings of the company. Tucker Asset Management LLC bought a new stake in O’Reilly Automotive in the fourth quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new position in O’Reilly Automotive during the fourth quarter worth $27,000. Kelleher Financial Advisors purchased a new position in O’Reilly Automotive during the second quarter worth $28,000. Whipplewood Advisors LLC increased its position in O’Reilly Automotive by 1,552.6% during the first quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 295 shares during the last quarter. Finally, Bell Investment Advisors Inc bought a new position in O’Reilly Automotive during the second quarter valued at $29,000. Institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Stock Up 0.0%
ORLY stock opened at $89.11 on Friday. The business’s fifty day simple moving average is $88.91 and its two-hundred day simple moving average is $91.07. O’Reilly Automotive, Inc. has a twelve month low of $82.59 and a twelve month high of $108.71. The firm has a market cap of $72.09 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.95 and a beta of 0.51.
Analyst Upgrades and Downgrades
ORLY has been the topic of several recent analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $110.00 target price on shares of O’Reilly Automotive in a research note on Friday, July 31st. Truist Financial set a $108.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 30th. Citigroup reiterated a “buy” rating and set a $106.00 price target (up from $104.00) on shares of O’Reilly Automotive in a report on Monday, August 3rd. TD Cowen reduced their price objective on shares of O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Wells Fargo & Company set a $100.00 price objective on shares of O’Reilly Automotive in a research note on Friday, July 24th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.24.
Read Our Latest Research Report on O’Reilly Automotive
Insider Buying and Selling
In related news, SVP Christopher Andrew Mancini sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $93.00, for a total value of $279,000.00. Following the transaction, the senior vice president owned 189 shares of the company’s stock, valued at $17,577. This trade represents a 94.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas Hendrickson sold 1,200 shares of O’Reilly Automotive stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $88.32, for a total transaction of $105,984.00. Following the sale, the director owned 19,675 shares of the company’s stock, valued at $1,737,696. The trade was a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,200 shares of company stock valued at $568,684 in the last 90 days. Company insiders own 0.77% 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.
Further Reading
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