First National Trust Co lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 1,358.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 76,812 shares of the specialty retailer’s stock after buying an additional 71,547 shares during the period. First National Trust Co’s holdings in O’Reilly Automotive were worth $6,923,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Oxbow Advisors LLC grew its holdings in O’Reilly Automotive by 785.7% in the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after purchasing an additional 58,828 shares during the period. Vanguard Group Inc. grew its stake in shares of O’Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock valued at $7,504,421,000 after buying an additional 75,125 shares during the period. Prime Capital Investment Advisors LLC grew its stake in shares of O’Reilly Automotive by 1,063.1% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer’s stock valued at $9,724,000 after buying an additional 98,616 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of O’Reilly Automotive by 33.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer’s stock valued at $836,357,000 after buying an additional 147,904 shares during the period. Finally, Meadow Creek Wealth Advisors LLC grew its stake in O’Reilly Automotive by 1,243.1% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 3,586 shares of the specialty retailer’s stock valued at $323,000 after acquiring an additional 3,319 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.
O’Reilly Automotive Price Performance
ORLY opened at $95.79 on Tuesday. The company has a market capitalization of $81.28 billion, a price-to-earnings ratio of 33.18, a P/E/G ratio of 2.56 and a beta of 0.60. The firm’s fifty day moving average price is $103.47 and its two-hundred day moving average price is $96.76. O’Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71.
Analyst Upgrades and Downgrades
ORLY has been the subject of a number of research reports. BMO Capital Markets raised their price objective on O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Barclays set a $91.00 price target on shares of O’Reilly Automotive and gave the company an “equal weight” rating in a research report on Monday. The Goldman Sachs Group set a $121.00 price objective on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Finally, UBS Group reiterated a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Eighteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $112.28.
Check Out Our Latest Stock Analysis on O’Reilly Automotive
Insider Transactions at O’Reilly Automotive
In other news, SVP Carl David Wilbanks sold 88,485 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. The trade was a 89.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maria Sastre sold 595 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares in the company, valued at $1,630,309.85. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,080 shares of company stock worth $9,341,746 in the last 90 days. Insiders own 1.01% of the company’s stock.
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.
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