Congress Asset Management Co. Purchases 9,838 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Congress Asset Management Co. boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,885 shares of the specialty retailer’s stock after buying an additional 9,838 shares during the period. O’Reilly Automotive makes up 1.1% of Congress Asset Management Co.’s holdings, making the stock its 17th biggest holding. Congress Asset Management Co. owned about 0.23% of O’Reilly Automotive worth $154,182,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Palumbo Wealth Management LLC lifted its stake in O’Reilly Automotive by 3.1% in the third quarter. Palumbo Wealth Management LLC now owns 1,638 shares of the specialty retailer’s stock valued at $1,886,000 after buying an additional 50 shares during the period. Solidarity Wealth LLC grew its holdings in O’Reilly Automotive by 23.0% in the third quarter. Solidarity Wealth LLC now owns 8,607 shares of the specialty retailer’s stock worth $9,911,000 after purchasing an additional 1,607 shares during the period. First Trust Direct Indexing L.P. raised its holdings in shares of O’Reilly Automotive by 40.9% during the third quarter. First Trust Direct Indexing L.P. now owns 2,208 shares of the specialty retailer’s stock valued at $2,542,000 after purchasing an additional 641 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of O’Reilly Automotive by 0.3% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 53,672 shares of the specialty retailer’s stock valued at $64,394,000 after acquiring an additional 146 shares in the last quarter. Finally, Ariston Services Group purchased a new stake in shares of O’Reilly Automotive in the third quarter valued at about $327,000. 85.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Royal Bank of Canada boosted their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. DA Davidson restated a “buy” rating and set a $1,275.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Truist Financial increased their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the transaction, the director now directly owns 141,589 shares in the company, valued at $158,511,717.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders sold 16,370 shares of company stock worth $18,333,966 in the last quarter. 1.18% of the stock is owned by insiders.

O’Reilly Automotive Trading Down 0.7 %

Shares of NASDAQ:ORLY traded down $7.69 during trading on Thursday, reaching $1,154.52. The company had a trading volume of 72,127 shares, compared to its average volume of 372,906. O’Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,221.18. The stock has a market capitalization of $66.97 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 2.42 and a beta of 0.92. The company has a fifty day moving average of $1,153.49 and a two-hundred day moving average of $1,083.96.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the company earned $10.72 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

O’Reilly Automotive 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.