AustralianSuper Pty Ltd Takes $4.29 Million Position in O’Reilly Automotive, Inc. $ORLY

AustralianSuper Pty Ltd acquired a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the third quarter, HoldingsChannel reports. The institutional investor acquired 39,804 shares of the specialty retailer’s stock, valued at approximately $4,291,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Coastline Trust Co raised its position in shares of O’Reilly Automotive by 4.0% in the third quarter. Coastline Trust Co now owns 2,622 shares of the specialty retailer’s stock valued at $283,000 after buying an additional 102 shares during the last quarter. IAM Advisory LLC grew its stake in O’Reilly Automotive by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 7,312 shares of the specialty retailer’s stock worth $788,000 after acquiring an additional 114 shares during the period. Abound Wealth Management raised its holdings in O’Reilly Automotive by 9.6% in the 3rd quarter. Abound Wealth Management now owns 1,375 shares of the specialty retailer’s stock valued at $148,000 after acquiring an additional 121 shares during the last quarter. EWA LLC raised its holdings in O’Reilly Automotive by 5.1% in the 3rd quarter. EWA LLC now owns 2,559 shares of the specialty retailer’s stock valued at $276,000 after acquiring an additional 124 shares during the last quarter. Finally, Optas LLC boosted its holdings in shares of O’Reilly Automotive by 3.6% during the third quarter. Optas LLC now owns 3,735 shares of the specialty retailer’s stock worth $403,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Ratings Changes

ORLY has been the subject of several analyst reports. Barclays set a $91.00 target price on O’Reilly Automotive and gave the company an “equal weight” rating in a research note on Monday, October 27th. The Goldman Sachs Group set a $121.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a report on Friday, October 24th. Wolfe Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Robert W. Baird raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Thursday, December 4th. Finally, UBS Group reiterated a “buy” rating and issued a $120.00 price target (up previously from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $111.85.

Insiders Place Their Bets

In other news, SVP Christopher Andrew Mancini sold 2,355 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total value of $238,585.05. Following the completion of the sale, the senior vice president owned 28 shares of the company’s stock, valued at $2,836.68. This represents a 98.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Philip M. Hopper sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total value of $354,375.00. Following the sale, the senior vice president owned 4,792 shares in the company, valued at approximately $485,190. The trade was a 42.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,980 shares of company stock worth $882,335 over the last quarter. 1.01% of the stock is owned by corporate insiders.

O’Reilly Automotive Trading Down 0.4%

NASDAQ:ORLY opened at $98.41 on Friday. The firm’s fifty day simple moving average is $95.49 and its 200 day simple moving average is $99.01. O’Reilly Automotive, Inc. has a twelve month low of $85.55 and a twelve month high of $108.71. The firm has a market capitalization of $83.07 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 2.10 and a beta of 0.63.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do?it?yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.