Pinnacle Financial Partners Inc Purchases Shares of 183 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pinnacle Financial Partners Inc purchased a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the third quarter, HoldingsChannel.com reports. The fund purchased 183 shares of the specialty retailer’s stock, valued at approximately $211,000.

Other institutional investors have also recently bought and sold shares of the company. Bank Pictet & Cie Asia Ltd. bought a new position in O’Reilly Automotive in the second quarter valued at approximately $800,000. Handelsbanken Fonder AB raised its holdings in shares of O’Reilly Automotive by 2.5% in the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after purchasing an additional 727 shares during the last quarter. Assetmark Inc. raised its holdings in shares of O’Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after purchasing an additional 3,193 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of O’Reilly Automotive by 5.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock valued at $16,723,000 after purchasing an additional 701 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of O’Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock valued at $15,458,000 after purchasing an additional 6,954 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Activity

In other news, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were 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. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the completion of the sale, the director now directly owns 141,589 shares of the company’s stock, valued at approximately $158,511,717.28. The trade was a 8.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,322 shares of company stock valued at $18,280,698. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,213.37 on Friday. The company has a fifty day moving average price of $1,168.95 and a two-hundred day moving average price of $1,093.06. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,255.30. The stock has a market cap of $70.05 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Truist Financial lifted their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective 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. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Evercore ISI boosted their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus price target 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.