Pitcairn Co. Has $2.15 Million Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pitcairn Co. cut its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 16.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,867 shares of the specialty retailer’s stock after selling 376 shares during the period. Pitcairn Co.’s holdings in O’Reilly Automotive were worth $2,150,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC grew its stake in shares of O’Reilly Automotive by 96.2% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 730 shares of the specialty retailer’s stock valued at $824,000 after buying an additional 358 shares in the last quarter. BTG Pactual Global Asset Management Ltd grew its position in O’Reilly Automotive by 31.5% in the first quarter. BTG Pactual Global Asset Management Ltd now owns 2,629 shares of the specialty retailer’s stock worth $2,968,000 after acquiring an additional 629 shares in the last quarter. Ironvine Capital Partners LLC increased its stake in shares of O’Reilly Automotive by 866.7% during the 1st quarter. Ironvine Capital Partners LLC now owns 16,541 shares of the specialty retailer’s stock worth $18,673,000 after purchasing an additional 14,830 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its holdings 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 valued at $440,000 after purchasing an additional 10 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of O’Reilly Automotive by 5.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,944 shares of the specialty retailer’s stock valued at $2,195,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

ORLY has been the topic of several analyst reports. Morgan Stanley increased their target price on shares of 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 note on Tuesday, October 15th. Royal Bank of Canada upped their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wedbush reissued a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Finally, Barclays upped their price objective on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Four equities 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

Insider Activity

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $1,227.37 on Friday. The stock has a market cap of $70.86 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 2.44 and a beta of 0.92. The stock has a fifty day moving average price of $1,179.37 and a 200 day moving average price of $1,101.68. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,255.30.

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 business 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%. O’Reilly Automotive’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $10.72 earnings per share. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

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.