Waverton Investment Management Ltd Buys 4,336 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Waverton Investment Management Ltd increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,298 shares of the specialty retailer’s stock after purchasing an additional 4,336 shares during the period. Waverton Investment Management Ltd owned approximately 0.06% of O’Reilly Automotive worth $41,786,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Asset Dedication LLC lifted its holdings in shares of O’Reilly Automotive by 6.2% during the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after purchasing an additional 9 shares in the last quarter. Marks Group Wealth Management Inc lifted its holdings in shares of O’Reilly Automotive by 1.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock valued at $697,000 after purchasing an additional 9 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in O’Reilly Automotive by 8.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after acquiring an additional 9 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its stake in O’Reilly Automotive by 2.6% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after acquiring an additional 10 shares in the last quarter. Finally, Marcum Wealth LLC lifted its stake in O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman David E. Oreilly sold 1,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now directly owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,322 shares of company stock valued at $18,280,698 in the last 90 days. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,228.52 on Tuesday. The stock has a fifty day moving average price of $1,161.22 and a 200-day moving average price of $1,088.52. The company has a market cap of $71.26 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 2.47 and a beta of 0.92. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,241.29.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the company earned $10.72 earnings per share. O’Reilly Automotive’s quarterly revenue was up 3.8% compared to the same quarter last year. Research analysts predict that O’Reilly Automotive, Inc. will post 40.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the topic of several research reports. Wells Fargo & Company boosted their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Evercore ISI boosted their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Morgan Stanley boosted their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Truist Financial boosted their price target 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. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

About O’Reilly Automotive

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.