Candriam S.C.A. Purchases 16,524 Shares of O’Reilly Automotive, Inc. $ORLY

Candriam S.C.A. increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 24.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,912 shares of the specialty retailer’s stock after purchasing an additional 16,524 shares during the quarter. Candriam S.C.A.’s holdings in O’Reilly Automotive were worth $7,279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in O’Reilly Automotive in the 2nd quarter valued at about $5,950,042,000. Bank of New York Mellon Corp bought a new position in O’Reilly Automotive during the second quarter worth about $1,023,936,000. Bank of America Corp DE acquired a new position in O’Reilly Automotive during the second quarter worth approximately $721,747,000. Jupiter Topco LLC acquired a new position in O’Reilly Automotive during the second quarter worth approximately $579,757,000. Finally, Legal & General Group Plc acquired a new position in O’Reilly Automotive during the second quarter worth approximately $439,123,000. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Trading Down 0.1%

NASDAQ:ORLY opened at $89.79 on Tuesday. The stock has a market cap of $72.64 billion, a P/E ratio of 27.54, a PEG ratio of 2.19 and a beta of 0.55. The stock has a 50 day simple moving average of $87.36 and a 200 day simple moving average of $90.39. O’Reilly Automotive, Inc. has a 1-year low of $82.59 and a 1-year high of $102.46.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 28th. The specialty retailer reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. O’Reilly Automotive had a negative return on equity of 188.24% and a net margin of 14.27%. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 3.31 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on ORLY shares. Bank of America started coverage on O’Reilly Automotive in a research note on Monday, October 26th. They issued a “buy” rating and a $106.00 price objective on the stock. Citigroup reiterated a “buy” rating and set a $106.00 target price (up from $104.00) on shares of O’Reilly Automotive in a research note on Monday, August 3rd. Raymond James Financial reiterated an “outperform” rating and set a $110.00 target price (down from $115.00) on shares of O’Reilly Automotive in a research note on Friday, July 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $111.00 target price (up from $110.00) on shares of O’Reilly Automotive in a report on Tuesday, October 20th. Finally, The Goldman Sachs Group restated a “conviction-buy” rating and issued a $104.00 price target on shares of O’Reilly Automotive in a research note on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Insider Activity at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 138,705 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $91.75, for a total value of $12,726,183.75. Following the transaction, the chairman directly owned 241,950 shares in the company, valued at approximately $22,198,912.50. This represents a 36.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Christopher Mancini sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $93.00, for a total transaction of $279,000.00. Following the completion of the transaction, the senior vice president owned 189 shares in the company, valued at $17,577. This trade represents a 94.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 153,655 shares of company stock valued at $14,085,983. 0.77% of the stock is currently owned by insiders.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops.

The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers.

Founded in 1957 by Charles F.