AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) during the 1st quarter, Holdings Channel.com reports. The firm acquired 2,214 shares of the specialty retailer’s stock, valued at approximately $3,028,000.
Other institutional investors also recently bought and sold shares of the company. HWG Holdings LP purchased a new position in O’Reilly Automotive during the 1st quarter worth $26,000. Bank of Jackson Hole Trust purchased a new position in O’Reilly Automotive during the 1st quarter worth $25,000. HighMark Wealth Management LLC increased its holdings in O’Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 13 shares during the period. Elequin Capital LP purchased a new position in O’Reilly Automotive during the 1st quarter worth $30,000. Finally, Saudi Central Bank purchased a new position in O’Reilly Automotive during the 1st quarter worth $33,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.
O’Reilly Automotive Price Performance
Shares of ORLY stock opened at $107.50 on Friday. O’Reilly Automotive, Inc. has a 1-year low of $73.33 and a 1-year high of $108.42. The stock’s fifty day moving average price is $100.11 and its 200 day moving average price is $94.03. The company has a market cap of $91.21 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.85 and a beta of 0.60.
Analysts Set New Price Targets
Several research firms have commented on ORLY. Guggenheim raised their price objective on O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Argus assumed coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price target on the stock. Barclays reiterated an “equal weight” rating and issued a $86.00 price target on shares of O’Reilly Automotive in a report on Friday, July 25th. Truist Financial lifted their price target on O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada lifted their price target on O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $104.40.
Get Our Latest Report on O’Reilly Automotive
Insiders Place Their Bets
In related news, SVP Carl David Wilbanks sold 88,485 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. The trade was a 89.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maria Sastre sold 595 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 in the last 90 days. Corporate insiders own 1.01% of the company’s stock.
O’Reilly Automotive Profile
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.
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