Rakuten Investment Management Inc. Acquires Shares of 3,389,453 O’Reilly Automotive, Inc. $ORLY

Rakuten Investment Management Inc. bought a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the third quarter, HoldingsChannel.com reports. The fund bought 3,389,453 shares of the specialty retailer’s stock, valued at approximately $365,417,000. O’Reilly Automotive makes up about 1.2% of Rakuten Investment Management Inc.’s holdings, making the stock its 9th largest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in O’Reilly Automotive by 6.4% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 800,162 shares of the specialty retailer’s stock worth $86,265,000 after acquiring an additional 48,057 shares during the last quarter. Samalin Investment Counsel LLC purchased a new position in shares of O’Reilly Automotive in the 3rd quarter worth approximately $239,000. Joel Isaacson & Co. LLC increased its position in shares of O’Reilly Automotive by 12.6% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 4,475 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 500 shares during the last quarter. Triasima Portfolio Management inc. raised its holdings in O’Reilly Automotive by 0.7% during the 3rd quarter. Triasima Portfolio Management inc. now owns 38,965 shares of the specialty retailer’s stock valued at $4,201,000 after buying an additional 280 shares during the period. Finally, Sage Mountain Advisors LLC lifted its position in O’Reilly Automotive by 6.8% in the third quarter. Sage Mountain Advisors LLC now owns 8,165 shares of the specialty retailer’s stock worth $880,000 after buying an additional 519 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research note on Wednesday, November 5th. Truist Financial set a $109.00 price objective on shares of O’Reilly Automotive in a research report on Friday, October 24th. Royal Bank Of Canada set a $110.00 price objective on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Friday, October 24th. Evercore ISI set a $110.00 target price on O’Reilly Automotive and gave the company an “outperform” rating in a research note on Tuesday, December 16th. Finally, Baird R W upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $111.80.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $95.24 on Wednesday. The stock has a market cap of $80.39 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.01 and a beta of 0.63. The firm has a 50-day moving average of $95.39 and a two-hundred day moving average of $98.69. O’Reilly Automotive, Inc. has a 1 year low of $82.04 and a 1 year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same period last year, the company posted $11.41 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Philip M. Hopper sold 3,500 shares of the firm’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 transaction, the senior vice president directly owned 4,792 shares in the company, valued at $485,190. This trade represents a 42.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Christopher Andrew Mancini sold 2,355 shares of O’Reilly Automotive 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 sale, the senior vice president directly owned 28 shares of the company’s stock, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,980 shares of company stock valued at $882,335 over the last quarter. 1.01% of the stock is owned by corporate insiders.

O’Reilly Automotive Company 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.