O’Reilly Automotive, Inc. $ORLY Stock Bought by Pictet Asset Management Holding SA

by · The Markets Daily

Pictet Asset Management Holding SA lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 763,795 shares of the specialty retailer’s stock after acquiring an additional 5,941 shares during the period. Pictet Asset Management Holding SA owned approximately 0.09% of O’Reilly Automotive worth $65,240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ORLY. BlackRock Inc. acquired a new position in shares of O’Reilly Automotive in the 2nd quarter valued at $5,950,042,000. Bank of New York Mellon Corp bought a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at $1,023,936,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of O’Reilly Automotive by 1.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,329,667 shares of the specialty retailer’s stock valued at $859,169,000 after buying an additional 141,915 shares in the last quarter. Amundi raised its stake in O’Reilly Automotive by 19.7% during the 1st quarter. Amundi now owns 8,497,984 shares of the specialty retailer’s stock worth $784,449,000 after buying an additional 1,397,671 shares during the period. Finally, Bank of America Corp DE acquired a new stake in O’Reilly Automotive during the 2nd quarter worth $721,747,000. Institutional investors own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, Director Thomas Hendrickson sold 1,000 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $87.83, for a total transaction of $87,830.00. Following the completion of the transaction, the director owned 18,675 shares in the company, valued at approximately $1,640,225.25. This represents a 5.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Larry Gray sold 7,750 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $90.22, for a total value of $699,205.00. Following the transaction, the senior vice president owned 4,971 shares of the company’s stock, valued at approximately $448,483.62. This trade represents a 60.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 153,655 shares of company stock worth $14,085,983. Company insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ORLY shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $111.00 target price (up from $110.00) on shares of O’Reilly Automotive in a report on Tuesday, October 20th. Citigroup reissued a “buy” rating and issued a $106.00 target price (up from $104.00) on shares of O’Reilly Automotive in a research note on Monday, August 3rd. TD Cowen lowered their price target on O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating for the company in a report on Friday, July 31st. UBS Group reaffirmed a “buy” rating and set a $122.00 price target (up from $120.00) on shares of O’Reilly Automotive in a research report on Thursday, October 29th. Finally, Wolfe Research set a $98.00 price objective on O’Reilly Automotive in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Get Our Latest Report on ORLY

O’Reilly Automotive Stock Down 0.1%

O’Reilly Automotive stock opened at $89.79 on Tuesday. The company has a 50 day moving average of $87.36 and a 200-day moving average of $90.39. O’Reilly Automotive, Inc. has a twelve month low of $82.59 and a twelve month high of $102.46. The stock has a market capitalization of $72.64 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 2.19 and a beta of 0.55.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. O’Reilly Automotive had a net margin of 14.27% and a negative return on equity of 188.24%. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts anticipate that O’Reilly Automotive, Inc. will post 3.31 EPS for the current fiscal year.

O’Reilly Automotive Profile

(Free Report)

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops.

The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers.

Founded in 1957 by Charles F.

Further Reading

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