O’Reilly Automotive, Inc. $ORLY Shares Bought by Whittier Trust Co.

by · The Cerbat Gem

Whittier Trust Co. lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 11.4% during the third quarter, Holdings Channel.com reports. The firm owned 387,359 shares of the specialty retailer’s stock after acquiring an additional 39,540 shares during the period. Whittier Trust Co.’s holdings in O’Reilly Automotive were worth $40,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ORLY. Sivia Capital Partners LLC boosted its stake in shares of O’Reilly Automotive by 1,190.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,536 shares of the specialty retailer’s stock worth $319,000 after acquiring an additional 3,262 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in O’Reilly Automotive by 1,619.9% in the 2nd quarter. Perigon Wealth Management LLC now owns 8,204 shares of the specialty retailer’s stock worth $739,000 after purchasing an additional 7,727 shares during the period. Hartford Investment Management Co. boosted its position in O’Reilly Automotive by 1,371.5% during the second quarter. Hartford Investment Management Co. now owns 51,694 shares of the specialty retailer’s stock worth $4,659,000 after purchasing an additional 48,181 shares in the last quarter. American National Bank & Trust boosted its position in O’Reilly Automotive by 1,390.6% during the second quarter. American National Bank & Trust now owns 2,370 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 2,211 shares in the last quarter. Finally, CX Institutional grew its holdings in O’Reilly Automotive by 1,379.7% in the second quarter. CX Institutional now owns 3,714 shares of the specialty retailer’s stock valued at $335,000 after purchasing an additional 3,463 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORLY. Royal Bank Of Canada set a $110.00 target price on O’Reilly Automotive and gave the company an “outperform” rating in a research report on Friday, October 24th. UBS Group reaffirmed a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Wells Fargo & Company set a $115.00 target price on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Truist Financial set a $109.00 price target on shares of O’Reilly Automotive in a research note on Friday, October 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $111.80.

Check Out Our Latest Research Report on ORLY

O’Reilly Automotive Trading Up 0.4%

NASDAQ:ORLY opened at $99.23 on Friday. The company has a market cap of $83.76 billion, a P/E ratio of 34.38, a P/E/G ratio of 2.11 and a beta of 0.63. O’Reilly Automotive, Inc. has a twelve month low of $82.90 and a twelve month high of $108.71. The company’s 50-day moving average price is $95.42 and its 200-day moving average price is $98.79.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter in the prior year, the company earned $11.41 EPS. O’Reilly Automotive’s revenue was up 7.8% compared to the same quarter last year. On average, analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 2,355 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total transaction of $238,585.05. Following the transaction, the senior vice president owned 28 shares in the company, valued at $2,836.68. The trade was a 98.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total transaction of $354,375.00. Following the completion of the sale, the senior vice president directly owned 4,792 shares of the company’s stock, valued at $485,190. This represents a 42.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 8,980 shares of company stock valued at $882,335. 1.01% of the stock is currently owned by insiders.

O’Reilly Automotive Profile

(Free Report)

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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