CTC Alternative Strategies Ltd. Buys New Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

CTC Alternative Strategies Ltd. bought a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 388 shares of the specialty retailer’s stock, valued at approximately $447,000. O’Reilly Automotive makes up approximately 0.6% of CTC Alternative Strategies Ltd.’s portfolio, making the stock its 25th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in ORLY. U.S. Capital Wealth Advisors LLC raised its holdings in O’Reilly Automotive by 11.8% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 228 shares of the specialty retailer’s stock valued at $241,000 after acquiring an additional 24 shares in the last quarter. Fermata Advisors LLC acquired a new stake in O’Reilly Automotive during the second quarter worth approximately $329,000. Czech National Bank raised its holdings in O’Reilly Automotive by 8.0% during the second quarter. Czech National Bank now owns 11,223 shares of the specialty retailer’s stock worth $11,852,000 after purchasing an additional 830 shares in the last quarter. Strong Tower Advisory Services raised its holdings in O’Reilly Automotive by 9.3% during the second quarter. Strong Tower Advisory Services now owns 492 shares of the specialty retailer’s stock worth $520,000 after purchasing an additional 42 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in O’Reilly Automotive by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 1,700 shares of the specialty retailer’s stock worth $1,795,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Ratings Changes

ORLY has been the topic of a number of research analyst reports. Truist Financial raised their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. 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 stock an “outperform” rating in a report on Friday, October 25th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Bank of America raised their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Morgan Stanley raised their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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 shares were 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’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 sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,257.78 on Friday. The firm’s fifty day moving average price is $1,201.98 and its 200 day moving average price is $1,118.01. O’Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,260.04. The firm has a market cap of $72.61 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 2.52 and a beta of 0.93.

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