CENTRAL TRUST Co raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 8.3% during the third quarter, according to the company’s most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,830 shares of the specialty retailer’s stock after purchasing an additional 3,218 shares during the quarter. O’Reilly Automotive makes up about 1.0% of CENTRAL TRUST Co’s holdings, making the stock its 23rd biggest holding. CENTRAL TRUST Co owned about 0.07% of O’Reilly Automotive worth $29,421,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in ORLY. Cibc World Market Inc. increased its position in O’Reilly Automotive by 305.4% during the 1st quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock valued at $2,213,000 after purchasing an additional 2,434 shares during the period. Sei Investments Co. grew its position in shares of O’Reilly Automotive by 51.3% in the 1st quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer’s stock worth $10,894,000 after buying an additional 5,376 shares during the period. Prudential PLC purchased a new stake in shares of O’Reilly Automotive in the 1st quarter worth about $1,847,000. Cetera Investment Advisers grew its position in shares of O’Reilly Automotive by 48.9% in the 1st quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock worth $1,343,000 after buying an additional 644 shares during the period. Finally, Moors & Cabot Inc. grew its position in shares of O’Reilly Automotive by 11.4% in the 1st quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer’s stock worth $262,000 after buying an additional 39 shares during the period. 90.50% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently weighed in on ORLY. Truist Financial upped their target price on shares of O’Reilly Automotive from $892.00 to $921.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. StockNews.com downgraded shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 17th. Roth Capital reiterated a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, February 8th. Citigroup upped their price target on shares of O’Reilly Automotive from $770.00 to $855.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 23rd. Finally, Barclays began coverage on shares of O’Reilly Automotive in a research note on Tuesday, February 7th. They issued an “equal weight” rating and a $815.00 target price on the stock. Four equity research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus target price of $859.60.
Insider Transactions at O’Reilly Automotive
In other news, SVP Jeffrey Alan Lauro sold 500 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $834.31, for a total value of $417,155.00. Following the transaction, the senior vice president now owns 768 shares in the company, valued at approximately $640,750.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.73% of the company’s stock.
O’Reilly Automotive Stock Performance
ORLY opened at $818.26 on Thursday. The stock has a market capitalization of $50.59 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.73 and a beta of 0.88. The company’s 50-day simple moving average is $822.62 and its two-hundred day simple moving average is $795.24. O’Reilly Automotive, Inc. has a 52-week low of $562.90 and a 52-week high of $873.94.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last posted its earnings results on Wednesday, February 8th. The specialty retailer reported $8.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.71 by $0.66. O’Reilly Automotive had a net margin of 15.08% and a negative return on equity of 234.76%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the business earned $7.64 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts forecast that O’Reilly Automotive, Inc. will post 36.62 EPS for the current fiscal year.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the US, serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.
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