Harvest Fund Management Co. Ltd grew its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,025 shares of the specialty retailer’s stock after purchasing an additional 6,047 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in O’Reilly Automotive were worth $5,748,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. Prudential PLC grew its position in O’Reilly Automotive by 18.9% in the 4th quarter. Prudential PLC now owns 19,036 shares of the specialty retailer’s stock worth $1,736,000 after purchasing an additional 3,031 shares during the last quarter. Westfield Capital Management Co. LP grew its position in O’Reilly Automotive by 16.6% in the 4th quarter. Westfield Capital Management Co. LP now owns 952,702 shares of the specialty retailer’s stock worth $86,896,000 after purchasing an additional 135,676 shares during the last quarter. Vise Technologies Inc. grew its position in O’Reilly Automotive by 27.4% in the 4th quarter. Vise Technologies Inc. now owns 26,272 shares of the specialty retailer’s stock worth $2,396,000 after purchasing an additional 5,655 shares during the last quarter. Continuum Advisory LLC grew its position in O’Reilly Automotive by 8.9% in the 4th quarter. Continuum Advisory LLC now owns 4,908 shares of the specialty retailer’s stock worth $448,000 after purchasing an additional 403 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in O’Reilly Automotive by 3.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 293,615 shares of the specialty retailer’s stock worth $26,781,000 after purchasing an additional 8,939 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.
O’Reilly Automotive Price Performance
ORLY stock opened at $88.40 on Friday. O’Reilly Automotive, Inc. has a 12 month low of $85.35 and a 12 month high of $108.71. The firm has a market cap of $73.26 billion, a PE ratio of 28.89, a P/E/G ratio of 1.93 and a beta of 0.53. The firm has a 50 day simple moving average of $91.79 and a 200 day simple moving average of $93.71.
Analyst Ratings Changes
Several research analysts have commented on the stock. UBS Group upped their target price on shares of O’Reilly Automotive from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Evercore restated an “outperform” rating and issued a $115.00 target price on shares of O’Reilly Automotive in a research report on Friday, May 1st. TD Cowen reaffirmed a “buy” rating and issued a $117.00 price target (up from $115.00) on shares of O’Reilly Automotive in a research note on Friday, May 1st. Truist Financial set a $108.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 30th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $109.00 price target on shares of O’Reilly Automotive in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $112.25.
Read Our Latest Report on O’Reilly Automotive
Insiders Place Their Bets
In related news, CEO Brad W. Beckham sold 13,635 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $95.00, for a total value of $1,295,325.00. Following the completion of the sale, the chief executive officer owned 12,250 shares in the company, valued at approximately $1,163,750. This represents a 52.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Allen Dumas sold 84,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $92.60, for a total transaction of $7,833,960.00. Following the completion of the sale, the senior vice president owned 1,782 shares of the company’s stock, valued at approximately $165,013.20. This trade represents a 97.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 105,730 shares of company stock worth $9,815,388 in the last quarter. Corporate insiders own 0.77% of the company’s stock.
About O’Reilly Automotive
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do?it?yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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