Cerity Partners LLC Acquires 5,774 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Cerity Partners LLC boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 53.0% in the third quarter, Holdings Channel reports. The firm owned 16,678 shares of the specialty retailer’s stock after purchasing an additional 5,774 shares during the quarter. Cerity Partners LLC’s holdings in O’Reilly Automotive were worth $19,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORLY. Mount Yale Investment Advisors LLC increased its position in shares of O’Reilly Automotive by 96.2% in the first quarter. Mount Yale Investment Advisors LLC now owns 730 shares of the specialty retailer’s stock valued at $824,000 after acquiring an additional 358 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its position in shares of O’Reilly Automotive by 2.6% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after purchasing an additional 10 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of O’Reilly Automotive by 5.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,944 shares of the specialty retailer’s stock worth $2,195,000 after purchasing an additional 97 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of O’Reilly Automotive by 191.4% in the 1st quarter. Tidal Investments LLC now owns 6,566 shares of the specialty retailer’s stock valued at $7,427,000 after buying an additional 4,313 shares during the last quarter. Finally, SkyView Investment Advisors LLC bought a new position in shares of O’Reilly Automotive in the first quarter valued at $853,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on ORLY shares. Wells Fargo & Company upped their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. upped their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Truist Financial lifted their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada upped 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. Finally, Evercore ISI raised their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Four 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 company’s stock. Based on data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $1,242.13.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,227.37 on Monday. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,255.30. The stock has a market cap of $70.86 billion, a PE ratio of 30.37, a PEG ratio of 2.49 and a beta of 0.92. The firm has a 50-day moving average of $1,179.37 and a 200-day moving average of $1,102.25.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $4.42 billion. During the same quarter in the previous year, the company earned $10.72 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.18% of the company’s stock.

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.