O’Reilly Automotive, Inc. (NASDAQ:ORLY) Position Increased by Port Capital LLC

Port Capital LLC lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,891 shares of the specialty retailer’s stock after purchasing an additional 1,165 shares during the quarter. O’Reilly Automotive accounts for about 3.7% of Port Capital LLC’s holdings, making the stock its 9th largest holding. Port Capital LLC owned approximately 0.12% of O’Reilly Automotive worth $81,638,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Maven Securities LTD bought a new stake in shares of O’Reilly Automotive in the 3rd quarter worth approximately $378,000. Mission Creek Capital Partners Inc. increased its holdings in shares of O’Reilly Automotive by 3.9% in the 3rd quarter. Mission Creek Capital Partners Inc. now owns 1,374 shares of the specialty retailer’s stock worth $1,582,000 after purchasing an additional 51 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of O’Reilly Automotive by 59.3% in the third quarter. IHT Wealth Management LLC now owns 344 shares of the specialty retailer’s stock worth $397,000 after purchasing an additional 128 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of O’Reilly Automotive by 2.3% during the third quarter. Integrated Wealth Concepts LLC now owns 491 shares of the specialty retailer’s stock valued at $565,000 after purchasing an additional 11 shares in the last quarter. Finally, Investment Management Corp of Ontario boosted its position in shares of O’Reilly Automotive by 55.6% during the third quarter. Investment Management Corp of Ontario now owns 1,959 shares of the specialty retailer’s stock valued at $2,256,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

O’Reilly Automotive Trading Up 0.1 %

Shares of ORLY stock opened at $1,247.99 on Wednesday. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.40. The business’s 50 day moving average is $1,196.23 and its two-hundred day moving average is $1,113.60. The company has a market capitalization of $72.05 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.53 and a beta of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $10.72 EPS. On average, research analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ORLY shares. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Truist Financial lifted their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Morgan Stanley upped their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, TD Cowen lifted their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average price target of $1,248.06.

O’Reilly Automotive Company Profile

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.