Quantbot Technologies LP Raises Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Quantbot Technologies LP boosted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 15.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,885 shares of the specialty retailer’s stock after acquiring an additional 530 shares during the period. Quantbot Technologies LP’s holdings in O’Reilly Automotive were worth $4,103,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ORLY. Rise Advisors LLC purchased a new position in O’Reilly Automotive during the 1st quarter valued at about $36,000. Newbridge Financial Services Group Inc. purchased a new position in O’Reilly Automotive during the 1st quarter valued at about $37,000. Indiana Trust & Investment Management CO lifted its position in O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares during the period. Riverview Trust Co purchased a new position in O’Reilly Automotive during the 1st quarter valued at about $41,000. Finally, Crewe Advisors LLC purchased a new position in O’Reilly Automotive in the first quarter worth about $43,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Trading Up 0.5 %

Shares of NASDAQ ORLY opened at $1,130.72 on Tuesday. The firm has a 50 day moving average of $1,103.88 and a 200 day moving average of $1,071.20. The firm has a market capitalization of $65.59 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $10.22 earnings per share. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

Insider Activity at O’Reilly Automotive

In related news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares in the company, valued at approximately $296,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ORLY. UBS Group decreased their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Bank of America lifted their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company lifted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Truist Financial lifted their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada decreased their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,144.06.

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.