Pacer Advisors Inc. Raises Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pacer Advisors Inc. raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 51.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,879 shares of the specialty retailer’s stock after buying an additional 3,685 shares during the period. Pacer Advisors Inc.’s holdings in O’Reilly Automotive were worth $12,900,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Center For Asset Management LLC purchased a new stake in O’Reilly Automotive during the 4th quarter worth $210,000. United Asset Strategies Inc. grew its stake in shares of O’Reilly Automotive by 4.7% in the fourth quarter. United Asset Strategies Inc. now owns 605 shares of the specialty retailer’s stock valued at $717,000 after buying an additional 27 shares in the last quarter. Cornerstone Wealth Group LLC purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at about $347,000. Blue Trust Inc. lifted its position in O’Reilly Automotive by 31.5% during the 4th quarter. Blue Trust Inc. now owns 1,528 shares of the specialty retailer’s stock worth $1,760,000 after acquiring an additional 366 shares in the last quarter. Finally, Legacy Financial Group LLC purchased a new position in O’Reilly Automotive in the 4th quarter worth approximately $600,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of analyst reports. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. BMO Capital Markets started coverage on shares of O’Reilly Automotive in a research report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price objective for the company. Truist Financial lifted their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Finally, Royal Bank of Canada raised their price objective on 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. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $1,301.82.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,278.34 on Wednesday. The stock has a market capitalization of $73.80 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.30 and a beta of 0.94. The business has a 50-day moving average of $1,226.50 and a two-hundred day moving average of $1,172.24. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,289.93.

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.