Whittier Trust Co. of Nevada Inc. Grows Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

by · The Cerbat Gem

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,978 shares of the specialty retailer’s stock after buying an additional 193 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in O’Reilly Automotive were worth $9,187,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. increased its stake in O’Reilly Automotive by 2.7% in the third quarter. Whittier Trust Co. now owns 20,733 shares of the specialty retailer’s stock worth $23,876,000 after purchasing an additional 546 shares during the period. Toth Financial Advisory Corp increased its stake in O’Reilly Automotive by 2.9% in the third quarter. Toth Financial Advisory Corp now owns 4,453 shares of the specialty retailer’s stock worth $5,128,000 after purchasing an additional 124 shares during the period. Castleview Partners LLC increased its stake in O’Reilly Automotive by 4.1% in the third quarter. Castleview Partners LLC now owns 637 shares of the specialty retailer’s stock worth $734,000 after purchasing an additional 25 shares during the period. Crew Capital Management Ltd. purchased a new position in shares of O’Reilly Automotive during the third quarter valued at $249,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of O’Reilly Automotive by 19.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 43,637 shares of the specialty retailer’s stock valued at $50,253,000 after buying an additional 7,010 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock traded up $8.04 during trading hours on Monday, hitting $1,219.00. The company’s stock had a trading volume of 101,946 shares, compared to its average volume of 373,679. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,221.18. The firm has a fifty day moving average of $1,142.14 and a 200-day moving average of $1,078.34. The stock has a market cap of $71.79 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 2.29 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last announced 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). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period last year, the company earned $10.22 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.1 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now owns 5,016 shares in the company, valued at approximately $5,698,978.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock valued at $56,846,062 in the last quarter. Insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ORLY shares. Royal Bank of Canada cut their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. JPMorgan Chase & Co. raised their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. DA Davidson raised their price target 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. Wells Fargo & Company lifted their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Truist Financial lifted their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,206.87.

Check Out Our Latest Analysis on ORLY

About O’Reilly Automotive

(Free Report)

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.

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