SEB Asset Management AB purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) during the 1st quarter, HoldingsChannel reports. The firm purchased 175,260 shares of the specialty retailer’s stock, valued at approximately $16,178,000.
A number of other large investors also recently modified their holdings of the business. Swiss National Bank increased its position in O’Reilly Automotive by 6.5% during the first quarter. Swiss National Bank now owns 2,477,200 shares of the specialty retailer’s stock worth $228,670,000 after acquiring an additional 152,100 shares during the period. Spartan Wealth Advisory Services LLC bought a new stake in O’Reilly Automotive in the 1st quarter valued at $2,283,000. Bartlett & CO. Wealth Management LLC grew its position in O’Reilly Automotive by 7,560.0% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 258,372 shares of the specialty retailer’s stock worth $24,282,000 after purchasing an additional 254,999 shares during the last quarter. Heartland Bank & Trust Co grew its position in O’Reilly Automotive by 237.1% in the 1st quarter. Heartland Bank & Trust Co now owns 7,702 shares of the specialty retailer’s stock worth $711,000 after purchasing an additional 5,417 shares during the last quarter. Finally, Kera Capital Partners Inc. grew its position in O’Reilly Automotive by 8.6% in the 1st quarter. Kera Capital Partners Inc. now owns 11,016 shares of the specialty retailer’s stock worth $1,017,000 after purchasing an additional 875 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.
O’Reilly Automotive Stock Performance
ORLY opened at $84.53 on Tuesday. The firm’s 50-day simple moving average is $88.63 and its 200-day simple moving average is $91.85. O’Reilly Automotive, Inc. has a twelve month low of $82.59 and a twelve month high of $108.71. The firm has a market cap of $70.05 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.90 and a beta of 0.51.
Analyst Ratings Changes
A number of brokerages have recently commented on ORLY. Truist Financial set a $108.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, April 30th. The Goldman Sachs Group reissued a “buy” rating and set a $113.00 target price on shares of O’Reilly Automotive in a research report on Monday, July 13th. Mizuho boosted their price target on O’Reilly Automotive from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. DA Davidson reaffirmed a “buy” rating and issued a $114.00 price target on shares of O’Reilly Automotive in a report on Tuesday, July 7th. Finally, Roth Capital reiterated a “buy” rating and issued a $109.00 price objective on shares of O’Reilly Automotive in a research report on Monday, May 4th. One investment 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 company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $110.70.
View Our Latest Analysis on ORLY
Insider Activity at O’Reilly Automotive
In other news, CEO Brad W. Beckham sold 13,635 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $95.00, for a total transaction of $1,295,325.00. Following the completion of the sale, the chief executive officer owned 12,250 shares of the company’s stock, valued at approximately $1,163,750. This trade represents a 52.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Raymond Murphy sold 2,595 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $88.67, for a total transaction of $230,098.65. Following the completion of the transaction, the director owned 4,000 shares of the company’s stock, valued at $354,680. This trade represents a 39.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 105,730 shares of company stock valued at $9,815,388. Insiders own 0.77% of the company’s stock.
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.
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