Pelham Capital Ltd. Has $12.34 Million Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pelham Capital Ltd. grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 33.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 10,714 shares of the specialty retailer’s stock after acquiring an additional 2,707 shares during the period. O’Reilly Automotive comprises about 7.4% of Pelham Capital Ltd.’s portfolio, making the stock its 5th largest holding. Pelham Capital Ltd.’s holdings in O’Reilly Automotive were worth $12,338,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Trifecta Capital Advisors LLC boosted its stake in shares of O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 23 shares during the period. Indiana Trust & Investment Management CO grew its stake in O’Reilly Automotive by 325.0% in the first 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 in the last quarter. Riverview Trust Co acquired a new position in O’Reilly Automotive in the 1st quarter worth about $41,000. Crewe Advisors LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter worth about $43,000. Finally, Kings Path Partners LLC bought a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at approximately $44,000. 85.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 413 shares of the company’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 owns 265 shares of the company’s stock, valued at approximately $296,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Mark Joseph Merz sold 413 shares of the 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 in the company, valued at $296,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the transaction, the chairman now owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock worth $56,846,062 over the last three months. 1.18% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Stock Up 0.6 %

ORLY traded up $6.74 during trading on Friday, reaching $1,210.96. 227,202 shares of the company’s stock were exchanged, compared to its average volume of 312,028. The company has a market capitalization of $70.25 billion, a P/E ratio of 30.48, a PEG ratio of 2.29 and a beta of 0.92. The business has a 50 day moving average price of $1,142.14 and a 200 day moving average price of $1,079.15. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,221.05.

O’Reilly Automotive (NASDAQ:ORLY) last posted 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 business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period last year, the company earned $10.22 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 41.1 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday. Truist Financial increased their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Evercore ISI upped their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada decreased their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,206.87.

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.