QRG Capital Management Inc. boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 14.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 48,625 shares of the specialty retailer’s stock after purchasing an additional 6,185 shares during the period. QRG Capital Management Inc.’s holdings in O’Reilly Automotive were worth $4,435,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Eagle Bay Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter worth $25,000. IAG Wealth Partners LLC acquired a new stake in O’Reilly Automotive during the 3rd quarter worth about $31,000. Westfuller Advisors LLC purchased a new position in shares of O’Reilly Automotive during the 3rd quarter valued at about $32,000. United Community Bank lifted its holdings in shares of O’Reilly Automotive by 75.0% in the 3rd quarter. United Community Bank now owns 315 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 135 shares during the period. Finally, Ares Financial Consulting LLC purchased a new stake in shares of O’Reilly Automotive in the fourth quarter worth about $34,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.
O’Reilly Automotive Stock Down 0.2%
ORLY stock opened at $94.78 on Thursday. O’Reilly Automotive, Inc. has a 52 week low of $86.77 and a 52 week high of $108.71. The firm has a 50-day simple moving average of $92.53 and a 200-day simple moving average of $94.75. The stock has a market capitalization of $79.30 billion, a P/E ratio of 30.97, a P/E/G ratio of 2.10 and a beta of 0.58.
Analyst Upgrades and Downgrades
ORLY has been the topic of several recent research reports. Mizuho set a $105.00 price objective on O’Reilly Automotive and gave the stock an “outperform” rating in a research report on Friday, February 6th. Raymond James Financial reissued an “outperform” rating and set a $115.00 price target on shares of O’Reilly Automotive in a report on Friday, May 1st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $110.00 price objective (up from $105.00) on shares of O’Reilly Automotive in a report on Thursday, April 30th. Truist Financial set a $108.00 price target on O’Reilly Automotive in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. dropped their price objective on O’Reilly Automotive from $114.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.00.
Read Our Latest Report on ORLY
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.
See Also
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