Sanctuary Advisors LLC Takes $25.46 Million Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Sanctuary Advisors LLC purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 24,388 shares of the specialty retailer’s stock, valued at approximately $25,459,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in O’Reilly Automotive during the 1st quarter valued at $36,000. Indiana Trust & Investment Management CO boosted its stake in shares of O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Riverview Trust Co bought a new position in shares of O’Reilly Automotive in the first quarter worth about $41,000. Crewe Advisors LLC bought a new stake in O’Reilly Automotive during the 1st quarter valued at about $43,000. Finally, Kings Path Partners LLC bought a new stake in O’Reilly Automotive during the 2nd quarter valued at about $44,000. 85.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

ORLY has been the topic of a number of research analyst reports. Bank of America upped their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. DA Davidson upped their target price on 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. Evercore ISI increased their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. UBS Group decreased their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, Wells Fargo & Company increased 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. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,144.06.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,154.92 on Thursday. The firm has a market capitalization of $67.00 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 2.18 and a beta of 0.92. The stock’s 50-day simple moving average is $1,127.43 and its 200-day simple moving average is $1,075.19. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11.

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

O’Reilly Automotive Company 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.