Oppenheimer Asset Management Inc. Buys 2,215 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Oppenheimer Asset Management Inc. grew its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 35.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,382 shares of the specialty retailer’s stock after purchasing an additional 2,215 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in O’Reilly Automotive were worth $8,852,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Rise Advisors LLC bought a new stake in O’Reilly Automotive during the first quarter worth $36,000. Newbridge Financial Services Group Inc. bought a new stake in O’Reilly Automotive during the first quarter worth $37,000. Indiana Trust & Investment Management CO lifted its holdings in O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 26 shares during the period. Riverview Trust Co purchased a new stake in O’Reilly Automotive in the first quarter worth $41,000. Finally, Crewe Advisors LLC purchased a new stake in O’Reilly Automotive in the first quarter worth $43,000. Institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 over the last 90 days. Insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on ORLY shares. DA Davidson raised their target price on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. UBS Group decreased their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Truist Financial raised their target price on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wedbush reissued a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price target on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,144.06.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,125.48 on Friday. The stock has a fifty day moving average of $1,101.72 and a 200 day moving average of $1,071.05. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The firm has a market capitalization of $65.29 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 2.11 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same period last year, the firm earned $10.22 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts forecast that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

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.