Corient Private Wealth LP lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 46.0% in the 2nd quarter, Holdings Channel reports. The fund owned 1,077,091 shares of the specialty retailer’s stock after buying an additional 339,465 shares during the period. Corient Private Wealth LP’s holdings in O’Reilly Automotive were worth $99,189,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of O’Reilly Automotive by 9,003.0% during 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. acquired a new stake in O’Reilly Automotive in the second quarter worth about $5,950,042,000. State Street Corp grew 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 buying an additional 140,387 shares in the last quarter. Geode Capital Management LLC grew 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 buying an additional 372,896 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in O’Reilly Automotive by 25.1% during 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. Institutional investors and hedge funds own 85.00% of the company’s stock.
O’Reilly Automotive Stock Up 0.4%
NASDAQ:ORLY opened at $85.82 on Friday. The business’s 50-day moving average price is $88.54 and its 200 day moving average price is $90.34. O’Reilly Automotive, Inc. has a 52-week low of $82.59 and a 52-week high of $108.71. The firm has a market cap of $69.42 billion, a P/E ratio of 27.33, a PEG ratio of 2.12 and a beta of 0.52.
Wall Street Analyst Weigh In
ORLY has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, August 3rd. UBS Group reiterated a “buy” rating on shares of O’Reilly Automotive in a report on Friday, July 31st. TD Cowen lowered their price objective on shares of 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. Wells Fargo & Company set a $100.00 target price on O’Reilly Automotive in a report on Friday, July 24th. Finally, Wolfe Research set a $98.00 target price on O’Reilly Automotive in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.24.
Get Our Latest Stock Analysis on O’Reilly Automotive
Insider Activity at O’Reilly Automotive
In other O’Reilly Automotive news, Director Maria Sastre sold 2,000 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total value of $183,700.00. Following the transaction, the director owned 14,970 shares in the company, valued at approximately $1,374,994.50. The trade was a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas Hendrickson sold 1,000 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $87.83, for a total value of $87,830.00. Following the completion of the transaction, the director directly owned 18,675 shares in the company, valued at $1,640,225.25. This represents a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,000 shares of company stock valued at $550,530 over the last ninety days. Insiders own 0.77% of the company’s stock.
O’Reilly Automotive 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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Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report).
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