Citizens Financial Group Inc. RI bought a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 82,832 shares of the specialty retailer’s stock, valued at approximately $7,628,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tucker Asset Management LLC acquired a new position in O’Reilly Automotive during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new stake in O’Reilly Automotive in the 4th quarter valued at about $27,000. Kelleher Financial Advisors acquired a new stake in O’Reilly Automotive in the 2nd quarter valued at about $28,000. Whipplewood Advisors LLC lifted its stake in O’Reilly Automotive by 1,552.6% in the 1st quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 295 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new position in O’Reilly Automotive in the 2nd quarter worth approximately $29,000. 85.00% of the stock is owned by hedge funds and other institutional investors.
O’Reilly Automotive Price Performance
NASDAQ:ORLY opened at $90.23 on Tuesday. The firm has a market capitalization of $72.99 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 1.99 and a beta of 0.51. The company’s 50-day moving average is $88.93 and its two-hundred day moving average is $91.28. O’Reilly Automotive, Inc. has a 1-year low of $82.59 and a 1-year high of $108.71.
Insiders Place Their Bets
In other O’Reilly Automotive news, Director Thomas Hendrickson sold 1,200 shares of O’Reilly Automotive stock in a transaction on Friday, May 29th. The stock was sold at an average price of $88.32, for a total value of $105,984.00. Following the sale, the director owned 19,675 shares in the company, valued at $1,737,696. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria Sastre sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total value of $183,700.00. Following the completion of the transaction, the director directly owned 14,970 shares in the company, valued at approximately $1,374,994.50. This trade represents a 11.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 90,800 shares of company stock worth $8,402,644 in the last three months. 0.77% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on ORLY. Morgan Stanley dropped their price target on O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and set a $110.00 price objective on shares of O’Reilly Automotive in a research report on Friday, July 31st. Royal Bank Of Canada reissued an “outperform” rating on shares of O’Reilly Automotive in a research note on Friday, April 24th. Weiss Ratings raised O’Reilly Automotive from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Finally, Citigroup restated a “buy” rating and issued a $106.00 target price (up from $104.00) on shares of O’Reilly Automotive in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $107.24.
Check Out Our Latest Report on O’Reilly Automotive
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.
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