190 Shares in O’Reilly Automotive, Inc. (NASDAQ:ORLY) Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. bought a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the third quarter, Holdings Channel reports. The fund bought 190 shares of the specialty retailer’s stock, valued at approximately $219,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC boosted its stake in shares of O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in O’Reilly Automotive in the third quarter valued at approximately $41,000. Crewe Advisors LLC purchased a new stake in O’Reilly Automotive in the 1st quarter worth approximately $43,000. Kings Path Partners LLC purchased a new stake in O’Reilly Automotive in the 2nd quarter worth approximately $44,000. Finally, ORG Partners LLC acquired a new stake in shares of O’Reilly Automotive during the 2nd quarter worth approximately $48,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORLY has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. UBS Group dropped their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Truist Financial lifted their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Roth Mkm reiterated a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the transaction, the director now directly owns 141,589 shares in the company, valued at $158,511,717.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the transaction, the director now owns 141,589 shares in the company, valued at $158,511,717.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,322 shares of company stock worth $18,280,698. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,217.70 on Monday. The business has a fifty day moving average price of $1,161.22 and a 200 day moving average price of $1,088.55. The company has a market cap of $70.64 billion, a P/E ratio of 30.13, a P/E/G ratio of 2.47 and a beta of 0.92. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,239.65.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business 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 quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $10.72 earnings per share. As a group, sell-side analysts predict that O’Reilly Automotive, Inc. will post 40.81 EPS for the current fiscal year.

About O’Reilly Automotive

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.