O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stock Position Lifted by Forsta AP Fonden

Forsta AP Fonden lifted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,000 shares of the specialty retailer’s stock after purchasing an additional 1,200 shares during the quarter. Forsta AP Fonden’s holdings in O’Reilly Automotive were worth $13,819,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Allworth Financial LP boosted its stake in O’Reilly Automotive by 23.9% during the third quarter. Allworth Financial LP now owns 566 shares of the specialty retailer’s stock valued at $652,000 after buying an additional 109 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its stake in O’Reilly Automotive by 1.3% during the third quarter. Legacy Wealth Asset Management LLC now owns 1,758 shares of the specialty retailer’s stock valued at $2,025,000 after buying an additional 22 shares in the last quarter. Heritage Oak Wealth Advisors LLC bought a new position in O’Reilly Automotive during the third quarter valued at about $378,000. Lake Street Advisors Group LLC boosted its stake in O’Reilly Automotive by 4.3% during the third quarter. Lake Street Advisors Group LLC now owns 610 shares of the specialty retailer’s stock valued at $702,000 after buying an additional 25 shares in the last quarter. Finally, Canal Capital Management LLC boosted its stake in O’Reilly Automotive by 0.5% during the third quarter. Canal Capital Management LLC now owns 3,454 shares of the specialty retailer’s stock valued at $3,978,000 after buying an additional 17 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the sale, the chairman now owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other O’Reilly Automotive 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the sale, the chairman now directly owns 13,347 shares of the company’s stock, valued at $15,049,409.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,411 shares of company stock valued at $56,846,062. Insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ORLY. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Barclays raised their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research note on Friday. 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 note on Thursday, July 18th. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, DA Davidson reaffirmed a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Trading Down 0.4 %

ORLY opened at $1,195.22 on Friday. The stock has a market cap of $69.33 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.29 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1 year low of $895.88 and a 1 year high of $1,221.18. The stock has a fifty day moving average price of $1,150.51 and a 200 day moving average price of $1,081.98.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. O’Reilly Automotive’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $10.72 EPS. As a group, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 41.05 earnings per share for the current fiscal 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.