Citizens Financial Group Inc. RI boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 397.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,457 shares of the specialty retailer’s stock after purchasing an additional 65,097 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in O’Reilly Automotive were worth $7,519,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caldwell Trust Co increased its position in O’Reilly Automotive by 1,255.6% during the fourth quarter. Caldwell Trust Co now owns 13,136 shares of the specialty retailer’s stock worth $1,198,000 after acquiring an additional 12,167 shares during the period. Overbrook Management Corp increased its stake in O’Reilly Automotive by 13.5% in the fourth quarter. Overbrook Management Corp now owns 161,551 shares of the specialty retailer’s stock valued at $14,735,000 after acquiring an additional 19,171 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $3,908,000. Danske Bank A S acquired a new position in O’Reilly Automotive during the third quarter worth $40,561,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of O’Reilly Automotive by 6.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,870,919 shares of the specialty retailer’s stock worth $169,019,000 after purchasing an additional 115,447 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.
O’Reilly Automotive Price Performance
Shares of NASDAQ:ORLY opened at $86.28 on Monday. The company’s 50-day moving average price is $89.74 and its two-hundred day moving average price is $92.13. O’Reilly Automotive, Inc. has a one year low of $82.71 and a one year high of $108.71. The stock has a market capitalization of $71.50 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 1.90 and a beta of 0.51.
Insiders Place Their Bets
In other O’Reilly Automotive news, Director Thomas Hendrickson sold 1,200 shares of O’Reilly Automotive stock in a transaction on Friday, May 29th. The shares were sold at an average price of $88.32, for a total transaction of $105,984.00. Following the completion of the transaction, the director directly owned 19,675 shares of the company’s stock, valued at $1,737,696. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Philip M. Hopper sold 3,700 shares of O’Reilly Automotive stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $94.60, for a total transaction of $350,020.00. Following the sale, the senior vice president directly owned 4,888 shares of the company’s stock, valued at $462,404.80. The trade was a 43.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 105,730 shares of company stock worth $9,815,388 in the last three months. Insiders own 0.77% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $110.00 price target (up from $105.00) on shares of O’Reilly Automotive in a report on Thursday, April 30th. Morgan Stanley reissued an “overweight” rating and set a $112.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 30th. Mizuho upped their price objective on O’Reilly Automotive from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Citigroup reiterated a “buy” rating and issued a $115.00 target price (up from $110.00) on shares of O’Reilly Automotive in a report on Friday, May 1st. Finally, Roth Capital reaffirmed a “buy” rating and set a $109.00 price target on shares of O’Reilly Automotive in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.25.
View Our Latest Report on O’Reilly Automotive
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.
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