NEOS Investment Management LLC raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 628,351 shares of the specialty retailer’s stock after buying an additional 44,660 shares during the period. NEOS Investment Management LLC owned 0.08% of O’Reilly Automotive worth $57,865,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Tucker Asset Management LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC bought a new stake in O’Reilly Automotive during the fourth quarter worth $27,000. Kelleher Financial Advisors bought a new stake in O’Reilly Automotive during the second quarter worth $28,000. Fiduciary Financial Advisors purchased a new position in O’Reilly Automotive in the second quarter worth $28,000. Finally, Whipplewood Advisors LLC boosted its position in O’Reilly Automotive by 1,552.6% in the first quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 295 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Trading Up 0.5%
Shares of NASDAQ ORLY opened at $87.38 on Friday. The stock has a fifty day simple moving average of $89.05 and a two-hundred day simple moving average of $90.63. O’Reilly Automotive, Inc. has a 1-year low of $82.59 and a 1-year high of $108.71. The firm has a market cap of $70.69 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.16 and a beta of 0.52.
Insider Buying and Selling
In related news, Director Maria Sastre sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $91.85, for a total value of $183,700.00. Following the sale, the director directly owned 14,970 shares in the company, valued at approximately $1,374,994.50. The trade was a 11.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas Hendrickson sold 1,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $87.83, for a total transaction of $87,830.00. Following the sale, the director directly owned 18,675 shares in the company, valued at approximately $1,640,225.25. This trade represents a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 6,000 shares of company stock valued at $550,530. 0.77% of the stock is owned by insiders.
Analysts Set New Price Targets
ORLY has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $100.00 price objective on O’Reilly Automotive in a research note on Friday, July 24th. Morgan Stanley lowered their target price on O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Robert W. Baird set a $100.00 price target on shares of O’Reilly Automotive in a report on Friday, July 31st. Wolfe Research set a $98.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, July 15th. Finally, Weiss Ratings downgraded shares of O’Reilly Automotive from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.24.
Check Out Our Latest Report on O’Reilly Automotive
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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