Livforsakringsbolaget Skandia Omsesidigt Grows Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 38.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,033 shares of the specialty retailer’s stock after purchasing an additional 1,400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in O’Reilly Automotive were worth $5,792,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. Rise Advisors LLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth $36,000. Indiana Trust & Investment Management CO grew its stake in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Riverview Trust Co purchased a new stake in shares of O’Reilly Automotive during the 1st quarter valued at about $41,000. Crewe Advisors LLC bought a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $43,000. Finally, Kings Path Partners LLC bought a new position in shares of O’Reilly Automotive in the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,187.53 on Friday. The company’s fifty day moving average price is $1,133.44 and its 200-day moving average price is $1,076.73. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,190.32. The company has a market capitalization of $69.94 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.22 EPS. On average, research analysts predict that O’Reilly Automotive, Inc. will post 41.1 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the sale, the senior vice president now directly owns 265 shares of the company’s stock, valued at $296,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, 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 sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now owns 5,016 shares of the company’s stock, valued at $5,698,978.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,411 shares of company stock valued at $56,846,062. Insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ORLY. Evercore ISI upped their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Bank of America raised their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Royal Bank of Canada lowered their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. UBS Group reduced their price target 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. Finally, Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,166.79.

About O’Reilly Automotive

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.