AAFMAA Wealth Management & Trust LLC boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 1,092.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,293 shares of the specialty retailer’s stock after purchasing an additional 13,094 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in O’Reilly Automotive were worth $1,288,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of O’Reilly Automotive by 16.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer’s stock valued at $33,227,000 after acquiring an additional 3,272 shares in the last quarter. Vanguard Group Inc. boosted its position in O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock valued at $7,504,421,000 after purchasing an additional 75,125 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in O’Reilly Automotive by 33.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer’s stock valued at $836,357,000 after purchasing an additional 147,904 shares in the last quarter. CCM Investment Group LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter worth about $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of O’Reilly Automotive by 52.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer’s stock worth $16,105,000 after purchasing an additional 3,866 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Price Performance
O’Reilly Automotive stock opened at $104.58 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $75.79 and a fifty-two week high of $108.42. The firm has a fifty day moving average price of $102.33 and a two-hundred day moving average price of $94.94. The firm has a market cap of $88.74 billion, a price-to-earnings ratio of 37.39, a P/E/G ratio of 2.73 and a beta of 0.60.
Insiders Place Their Bets
In other news, Director Maria Sastre sold 595 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director directly owned 15,935 shares of the company’s stock, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 in the last three months. 1.01% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several brokerages recently commented on ORLY. Wolfe Research began coverage on O’Reilly Automotive in a research note on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price target for the company. Cowen reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. Evercore ISI raised their price target on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Argus began coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They set a “buy” rating and a $120.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of “Buy” and an average price target of $107.17.
Get Our Latest Report on O’Reilly Automotive
O’Reilly Automotive Company 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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