IFP Advisors Inc grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 58.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,869 shares of the specialty retailer’s stock after acquiring an additional 20,323 shares during the period. IFP Advisors Inc’s holdings in O’Reilly Automotive were worth $5,053,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of ORLY. California State Teachers Retirement System boosted its holdings in O’Reilly Automotive by 9,003.0% in the second quarter. California State Teachers Retirement System now owns 117,184,893 shares of the specialty retailer’s stock valued at $10,791,557,000 after purchasing an additional 115,897,575 shares during the period. BlackRock Inc. purchased a new stake in O’Reilly Automotive during the 2nd quarter worth about $5,950,042,000. State Street Corp raised its position in O’Reilly Automotive by 0.4% in the 4th quarter. State Street Corp now owns 37,206,098 shares of the specialty retailer’s stock valued at $3,393,568,000 after purchasing an additional 140,387 shares in the last quarter. Geode Capital Management LLC raised its position in O’Reilly Automotive by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 24,140,497 shares of the specialty retailer’s stock valued at $2,201,555,000 after purchasing an additional 372,896 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of O’Reilly Automotive by 25.1% in the 4th quarter. Wellington Management Group LLP now owns 14,755,276 shares of the specialty retailer’s stock valued at $1,345,829,000 after buying an additional 2,964,945 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Trading Down 0.7%
ORLY stock opened at $85.51 on Friday. The company has a market capitalization of $69.17 billion, a P/E ratio of 27.23, a PEG ratio of 2.14 and a beta of 0.52. O’Reilly Automotive, Inc. has a twelve month low of $82.59 and a twelve month high of $108.71. The business has a 50 day simple moving average of $88.63 and a 200-day simple moving average of $90.37.
Wall Street Analysts Forecast Growth
ORLY has been the subject of a number of analyst reports. Roth Capital reissued a “buy” rating and set a $111.00 price objective on shares of O’Reilly Automotive in a research report on Friday, July 31st. Weiss Ratings downgraded shares of O’Reilly Automotive from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Wells Fargo & Company set a $100.00 price target on shares of O’Reilly Automotive in a report on Friday, July 24th. Wolfe Research set a $98.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, July 15th. Finally, UBS Group restated a “buy” rating on shares of O’Reilly Automotive in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and an average target price of $107.24.
View Our Latest Analysis on ORLY
Insiders Place Their Bets
In other news, Director Maria Sastre sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total value of $183,700.00. Following the completion of the sale, the director directly owned 14,970 shares of the company’s stock, valued at approximately $1,374,994.50. This represents a 11.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher Mancini sold 3,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total transaction of $279,000.00. Following the sale, the senior vice president owned 189 shares of the company’s stock, valued at $17,577. This trade represents a 94.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 6,000 shares of company stock valued at $550,530. Insiders own 0.77% of the company’s stock.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves do-it-yourself customers, professional service technicians and commercial garages, offering products for maintaining and repairing cars, trucks and other vehicles.
Its merchandise includes replacement parts such as brakes, filters, belts, batteries and ignition components, as well as shop equipment, tools, fluids, lighting and appearance products. O’Reilly also provides services such as parts lookup, battery testing and installation, loaner tool programs, used-oil recycling and commercial delivery to professional customers.
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