O’Reilly Automotive, Inc. (NASDAQ:ORLY) Position Boosted by Groupama Asset Managment

Groupama Asset Managment raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.7% during the 3rd quarter, Holdings Channel reports. The fund owned 1,479 shares of the specialty retailer’s stock after purchasing an additional 118 shares during the period. Groupama Asset Managment’s holdings in O’Reilly Automotive were worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in ORLY. Darwin Wealth Management LLC acquired a new position in shares of O’Reilly Automotive during the third quarter valued at $32,000. Trifecta Capital Advisors LLC grew its position in O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in O’Reilly Automotive during the 3rd quarter valued at about $37,000. Princeton Global Asset Management LLC bought a new stake in shares of O’Reilly Automotive during the 3rd quarter worth about $41,000. Finally, Kings Path Partners LLC bought a new stake in shares of O’Reilly Automotive during the 2nd quarter worth about $44,000. Institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ORLY. Royal Bank of Canada raised their price objective on shares of 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. Morgan Stanley lifted their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. TD Cowen boosted their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays raised their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,248.06.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,257.78 on Monday. The company has a 50 day moving average price of $1,201.98 and a 200 day moving average price of $1,118.90. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,260.04. The firm has a market capitalization of $72.61 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 2.55 and a beta of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $10.72 EPS. Equities analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at $856,849. The trade was a 46.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

O’Reilly Automotive 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.