Whittier Trust Co. of Nevada Inc. Boosts Holdings in O’Reilly Automotive, Inc. $ORLY

Whittier Trust Co. of Nevada Inc. lifted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 21.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 159,240 shares of the specialty retailer’s stock after purchasing an additional 28,367 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in O’Reilly Automotive were worth $16,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORLY. First Citizens Bank & Trust Co. increased its position in shares of O’Reilly Automotive by 10.8% during the third quarter. First Citizens Bank & Trust Co. now owns 2,803 shares of the specialty retailer’s stock worth $302,000 after acquiring an additional 273 shares during the period. Whittier Trust Co. increased its holdings in O’Reilly Automotive by 11.4% during the 3rd quarter. Whittier Trust Co. now owns 387,359 shares of the specialty retailer’s stock worth $40,591,000 after purchasing an additional 39,540 shares during the period. CIBC Asset Management Inc increased its holdings in O’Reilly Automotive by 0.3% during the 3rd quarter. CIBC Asset Management Inc now owns 293,705 shares of the specialty retailer’s stock worth $31,664,000 after purchasing an additional 914 shares during the period. Sagespring Wealth Partners LLC raised its position in O’Reilly Automotive by 7.3% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 14,148 shares of the specialty retailer’s stock valued at $1,525,000 after purchasing an additional 959 shares in the last quarter. Finally, Biltmore Family Office LLC boosted its stake in shares of O’Reilly Automotive by 14.7% in the 3rd quarter. Biltmore Family Office LLC now owns 2,685 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 345 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Christopher Andrew Mancini sold 2,355 shares of O’Reilly Automotive stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total transaction of $238,585.05. Following the sale, the senior vice president owned 28 shares in the company, valued at approximately $2,836.68. The trade was a 98.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total value of $354,375.00. Following the completion of the sale, the senior vice president directly owned 4,792 shares of the company’s stock, valued at approximately $485,190. This trade represents a 42.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 8,980 shares of company stock valued at $882,335. 1.01% of the stock is currently owned by insiders.

O’Reilly Automotive Trading Up 0.4%

Shares of O’Reilly Automotive stock opened at $99.23 on Friday. The company has a fifty day simple moving average of $95.42 and a 200-day simple moving average of $98.79. The stock has a market cap of $83.76 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 2.11 and a beta of 0.63. O’Reilly Automotive, Inc. has a 12-month low of $82.90 and a 12-month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same period last year, the business earned $11.41 EPS. O’Reilly Automotive’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of recent research reports. The Goldman Sachs Group set a $121.00 target price on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research note on Friday, October 24th. Raymond James Financial upgraded shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a report on Wednesday, November 5th. Robert W. Baird upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Thursday, December 4th. Mizuho set a $112.00 price objective on shares of O’Reilly Automotive in a research report on Monday, October 20th. Finally, UBS Group reissued a “buy” rating and issued a $120.00 target price (up previously from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $111.80.

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.