179 Shares in O’Reilly Automotive, Inc. (NASDAQ:ORLY) Acquired by Accelerate Investment Advisors LLC

Accelerate Investment Advisors LLC purchased a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 179 shares of the specialty retailer’s stock, valued at approximately $206,000.

Several other institutional investors have also recently made changes to their positions in ORLY. Wellington Management Group LLP grew its position in O’Reilly Automotive by 656.2% during the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after buying an additional 397,108 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of O’Reilly Automotive by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after purchasing an additional 376,167 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of O’Reilly Automotive in the first quarter worth approximately $108,456,000. CCLA Investment Management bought a new position in shares of O’Reilly Automotive in the first quarter worth approximately $95,481,000. Finally, Marshall Wace LLP raised its stake in O’Reilly Automotive by 809.8% in the second quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock valued at $96,078,000 after purchasing an additional 80,978 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the sale, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock worth $56,846,062 over the last quarter. 1.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on ORLY. Truist Financial boosted their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. DA Davidson increased their target price on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research note on Friday, July 26th. UBS Group dropped their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Bank of America upped their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,166.79.

O’Reilly Automotive Stock Up 1.4 %

Shares of ORLY opened at $1,187.53 on Monday. The stock has a market capitalization of $69.94 billion, a P/E ratio of 30.14, a PEG ratio of 2.24 and a beta of 0.92. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,190.32. The firm has a fifty day simple moving average of $1,133.44 and a two-hundred day simple moving average of $1,075.91.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter in the prior year, the company posted $10.22 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.1 EPS for the current fiscal year.

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.