5,112 Shares in O’Reilly Automotive, Inc. (NASDAQ:ORLY) Purchased by Norden Group LLC

Norden Group LLC acquired a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 5,112 shares of the specialty retailer’s stock, valued at approximately $5,771,000.

A number of other large investors have also added to or reduced their stakes in the stock. Jennison Associates LLC increased its stake in shares of O’Reilly Automotive by 7.6% in the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock worth $900,186,000 after purchasing an additional 66,629 shares in the last quarter. Norges Bank purchased a new position in shares of O’Reilly Automotive in the fourth quarter worth about $671,384,000. International Assets Investment Management LLC increased its stake in shares of O’Reilly Automotive by 89,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after purchasing an additional 652,924 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after purchasing an additional 397,108 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of O’Reilly Automotive by 12.0% in the fourth quarter. Baird Financial Group Inc. now owns 394,714 shares of the specialty retailer’s stock worth $375,010,000 after purchasing an additional 42,379 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,020.54 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The firm has a market cap of $60.10 billion, a PE ratio of 25.90, a PEG ratio of 1.88 and a beta of 0.92. The company has a 50 day simple moving average of $1,012.96 and a two-hundred day simple moving average of $1,035.21.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the business posted $8.28 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 41.86 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the sale, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ORLY has been the subject of several recent research reports. Truist Financial reduced their target price on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating for the company in a research note on Tuesday. Mizuho initiated coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 target price for the company. Evercore ISI reduced their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating for the company in a research note on Tuesday. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, UBS Group raised their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,116.93.

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.