Inspire Investing LLC lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 1,617.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,467 shares of the specialty retailer’s stock after acquiring an additional 32,460 shares during the period. Inspire Investing LLC’s holdings in O’Reilly Automotive were worth $3,107,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in shares of O’Reilly Automotive during the first quarter worth approximately $25,000. HWG Holdings LP acquired a new stake in O’Reilly Automotive in the first quarter valued at approximately $26,000. Oakworth Capital Inc. lifted its stake in O’Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 264 shares during the last quarter. HighMark Wealth Management LLC lifted its stake in O’Reilly Automotive by 1,400.0% in the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 280 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in O’Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 277 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.
O’Reilly Automotive Trading Up 2.4%
O’Reilly Automotive stock opened at $102.15 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71. The company has a market cap of $86.67 billion, a PE ratio of 36.52, a PEG ratio of 2.64 and a beta of 0.60. The company’s 50-day moving average is $103.90 and its two-hundred day moving average is $96.07.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ORLY. Evercore ISI lifted their target price on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. UBS Group boosted their target price on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Royal Bank Of Canada boosted their target price on shares of O’Reilly Automotive from $98.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Barclays reissued an “equal weight” rating and issued a $86.00 price target on shares of O’Reilly Automotive in a report on Friday, July 25th. Finally, Cowen restated a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $107.17.
Get Our Latest Analysis on O’Reilly Automotive
Insider Buying and Selling at O’Reilly Automotive
In other news, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares of the company’s stock, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Mark Joseph Merz sold 29,505 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the sale, the senior vice president directly owned 4,234 shares of the company’s stock, valued at approximately $415,990.50. This trade represents a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by company insiders.
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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