Weiss Asset Management LP Invests $7.14 Million in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Weiss Asset Management LP bought a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,200 shares of the specialty retailer’s stock, valued at approximately $7,140,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORLY. Darwin Wealth Management LLC purchased a new position in shares of O’Reilly Automotive in the 3rd quarter valued at about $32,000. Trifecta Capital Advisors LLC increased its stake in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in O’Reilly Automotive during the third quarter worth approximately $37,000. Princeton Global Asset Management LLC purchased a new stake in shares of O’Reilly Automotive during the 3rd quarter worth approximately $41,000. Finally, Kings Path Partners LLC purchased a new stake in shares of O’Reilly Automotive during the 2nd quarter worth approximately $44,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORLY has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Truist Financial lifted their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI upped their target price on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,248.06.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Down 0.7 %

Shares of NASDAQ:ORLY opened at $1,234.81 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.40. The firm’s 50-day simple moving average is $1,199.74 and its 200-day simple moving average is $1,115.34. The company has a market cap of $71.29 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.53 and a beta of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last announced 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 firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.72 EPS. On average, research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 EPS for the current 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.