Nippon Life Global Investors Americas Inc. Purchases 200 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Nippon Life Global Investors Americas Inc. grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 30.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 850 shares of the specialty retailer’s stock after buying an additional 200 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in O’Reilly Automotive were worth $898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in O’Reilly Automotive during the first quarter worth about $36,000. Indiana Trust & Investment Management CO grew its stake in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of O’Reilly Automotive in the 1st quarter worth approximately $41,000. Crewe Advisors LLC bought a new position in O’Reilly Automotive during the 1st quarter valued at approximately $43,000. Finally, Kings Path Partners LLC purchased a new position in O’Reilly Automotive during the second quarter valued at $44,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,109.05 on Monday. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The stock has a fifty day moving average of $1,111.26 and a 200 day moving average of $1,072.33. The stock has a market cap of $64.34 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. O’Reilly Automotive’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $10.22 EPS. As a group, sell-side analysts predict that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Analyst Ratings Changes

ORLY has been the topic of a number of recent research reports. Truist Financial increased their target price on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company lifted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. UBS Group cut their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. DA Davidson boosted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Wedbush reiterated a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,144.06.

Insiders Place Their Bets

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the sale, the chairman now owns 13,347 shares in the company, valued at approximately $15,049,409.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,411 shares of company stock worth $56,846,062. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Profile

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.