O’Reilly Automotive, Inc. $ORLY Stock Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 216,660 shares of the specialty retailer’s stock after acquiring an additional 16,535 shares during the period. Rakuten Investment Management Inc.’s holdings in O’Reilly Automotive were worth $18,648,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Provenance Wealth Advisors LLC lifted its position in O’Reilly Automotive by 1,226.7% during the third quarter. Provenance Wealth Advisors LLC now owns 597 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 552 shares during the period. Integrity Alliance LLC. grew its position in shares of O’Reilly Automotive by 3.5% in the 3rd quarter. Integrity Alliance LLC. now owns 3,981 shares of the specialty retailer’s stock worth $340,000 after buying an additional 133 shares during the period. First Nebraska Trust Co purchased a new stake in shares of O’Reilly Automotive in the 3rd quarter worth about $263,000. Gerber Kawasaki Wealth & Investment Management purchased a new stake in shares of O’Reilly Automotive in the 3rd quarter worth about $245,000. Finally, Salomon & Ludwin LLC increased its stake in shares of O’Reilly Automotive by 568.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 602 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 512 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Christopher Mancini sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total value of $279,000.00. Following the transaction, the senior vice president directly owned 189 shares in the company, valued at $17,577. This trade represents a 94.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Maria Sastre sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total value of $183,700.00. Following the sale, the director owned 14,970 shares of the company’s stock, valued at approximately $1,374,994.50. This trade represents a 11.79% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 6,000 shares of company stock worth $550,530. Insiders own 0.77% of the company’s stock.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $92.34 on Thursday. O’Reilly Automotive, Inc. has a one year low of $82.59 and a one year high of $102.46. The stock has a market capitalization of $74.70 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 2.14 and a beta of 0.55. The business’s fifty day moving average is $87.25 and its 200 day moving average is $90.48.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.02 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 3.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ORLY. Sanford C. Bernstein initiated coverage on shares of O’Reilly Automotive in a report on Tuesday, September 29th. They issued a “market perform” rating and a $94.00 price objective on the stock. Raymond James Financial reiterated an “outperform” rating and set a $110.00 target price (down from $115.00) on shares of O’Reilly Automotive in a report on Friday, July 31st. Morgan Stanley dropped their price target on O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. DA Davidson restated a “buy” rating and issued a $106.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, September 16th. Finally, Citigroup reaffirmed a “buy” rating and set a $106.00 price objective (up from $104.00) on shares of O’Reilly Automotive in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.

Founded in 1957 by the O’Reilly family, the company began as a single store in Springfield, Missouri.