Peapack Gladstone Financial Corp Buys 25 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Peapack Gladstone Financial Corp increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 1,133 shares of the specialty retailer’s stock after acquiring an additional 25 shares during the period. Peapack Gladstone Financial Corp’s holdings in O’Reilly Automotive were worth $1,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in O’Reilly Automotive by 3.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after buying an additional 57,194 shares during the period. Wellington Management Group LLP boosted its position in shares of O’Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after acquiring an additional 728,040 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of O’Reilly Automotive by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock worth $1,700,513,000 after acquiring an additional 24,135 shares in the last quarter. Bank of New York Mellon Corp increased its stake in O’Reilly Automotive by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after acquiring an additional 19,211 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in O’Reilly Automotive by 99,957.0% during the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after purchasing an additional 853,633 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ORLY. TD Cowen raised their target price on 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. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Wedbush reissued a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Royal Bank of Canada increased their target price 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. Finally, Truist Financial lifted their price target 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. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,257.00.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction dated 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. This represents a 99.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Up 0.1 %

Shares of O’Reilly Automotive stock opened at $1,270.60 on Monday. The stock has a market cap of $73.35 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.57 and a beta of 0.93. O’Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,281.95. The company’s fifty day moving average is $1,213.13 and its 200 day moving average is $1,129.22.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS 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 company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the firm posted $10.72 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate 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.