Overbrook Management Corp Boosts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Overbrook Management Corp raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,676 shares of the specialty retailer’s stock after buying an additional 467 shares during the period. O’Reilly Automotive makes up about 2.6% of Overbrook Management Corp’s holdings, making the stock its 17th biggest holding. Overbrook Management Corp’s holdings in O’Reilly Automotive were worth $11,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Advisors LLC boosted its position in O’Reilly Automotive by 8.8% in the 3rd quarter. Cornerstone Advisors LLC now owns 3,700 shares of the specialty retailer’s stock valued at $4,261,000 after buying an additional 300 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in O’Reilly Automotive by 7.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 709 shares of the specialty retailer’s stock valued at $816,000 after buying an additional 47 shares during the last quarter. Bellwether Advisors LLC boosted its position in O’Reilly Automotive by 2.0% in the 3rd quarter. Bellwether Advisors LLC now owns 1,917 shares of the specialty retailer’s stock valued at $2,208,000 after buying an additional 38 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of O’Reilly Automotive during the third quarter worth about $32,000. Finally, Segall Bryant & Hamill LLC lifted its position in shares of O’Reilly Automotive by 51.1% during the third quarter. Segall Bryant & Hamill LLC now owns 21,713 shares of the specialty retailer’s stock worth $25,005,000 after purchasing an additional 7,340 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ORLY shares. Bank of America increased their price target 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 Thursday, August 22nd. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Morgan Stanley increased their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Truist Financial increased their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Buying and Selling

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $1,188.87 on Thursday. The stock has a market capitalization of $68.63 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.44 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,255.30. The company has a 50 day moving average price of $1,175.63 and a 200 day moving average price of $1,098.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.72 earnings per share. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS 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.