Deutsche Bank AG acquired a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 2,580,310 shares of the specialty retailer’s stock, valued at approximately $237,621,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Perigon Wealth Management LLC purchased a new stake in O’Reilly Automotive in the 2nd quarter valued at approximately $791,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $430,000. Trust Co. of Vermont purchased a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $235,000. TimesSquare Capital Management LLC purchased a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $86,355,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at approximately $193,012,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Price Performance
ORLY opened at $90.76 on Wednesday. O’Reilly Automotive, Inc. has a 1-year low of $82.59 and a 1-year high of $108.71. The stock has a market cap of $73.42 billion, a P/E ratio of 28.90, a P/E/G ratio of 1.99 and a beta of 0.51. The stock’s 50 day simple moving average is $88.96 and its 200 day simple moving average is $91.20.
Insider Transactions at O’Reilly Automotive
In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $93.00, for a total transaction of $279,000.00. Following the completion of the transaction, the senior vice president directly owned 189 shares in the company, valued at approximately $17,577. This trade represents a 94.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maria Sastre sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total transaction of $183,700.00. Following the transaction, the director owned 14,970 shares of the company’s stock, valued at $1,374,994.50. This trade represents a 11.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,200 shares of company stock valued at $568,684 in the last 90 days. 0.77% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on ORLY shares. TD Cowen decreased their price target on O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Weiss Ratings upgraded O’Reilly Automotive from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Raymond James Financial reiterated an “outperform” rating and issued a $110.00 price objective on shares of O’Reilly Automotive in a research report on Friday, July 31st. Mizuho raised their target price on O’Reilly Automotive from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $107.24.
View Our Latest Report on ORLY
O’Reilly Automotive Profile
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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