O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.7% during the 3rd quarter, Holdings Channel reports. The firm owned 19,597 shares of the specialty retailer’s stock after purchasing an additional 882 shares during the quarter. CIBC Asset Management Inc’s holdings in O’Reilly Automotive were worth $22,568,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Intelligence Driven Advisers LLC purchased a new position in shares of O’Reilly Automotive during the third quarter valued at approximately $211,000. Tokio Marine Asset Management Co. Ltd. increased its stake in O’Reilly Automotive by 17.9% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,065 shares of the specialty retailer’s stock valued at $24,258,000 after purchasing an additional 3,203 shares during the last quarter. Metis Global Partners LLC lifted its position in O’Reilly Automotive by 0.5% during the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock worth $2,145,000 after buying an additional 9 shares during the period. Curi RMB Capital LLC grew its holdings in O’Reilly Automotive by 12.0% in the 3rd quarter. Curi RMB Capital LLC now owns 586 shares of the specialty retailer’s stock valued at $675,000 after buying an additional 63 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of O’Reilly Automotive by 25.4% during the 3rd quarter. Huntington National Bank now owns 68,117 shares of the specialty retailer’s stock worth $78,444,000 after acquiring an additional 13,783 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Down 0.9 %

Shares of NASDAQ ORLY opened at $1,213.37 on Friday. The stock has a market capitalization of $70.05 billion, a P/E ratio of 30.02, a P/E/G ratio of 2.51 and a beta of 0.92. The firm’s 50-day moving average price is $1,168.95 and its two-hundred day moving average price is $1,093.06. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $4.42 billion. During the same quarter in the previous year, the business posted $10.72 EPS. O’Reilly Automotive’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Cowen upped their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Wedbush restated a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Bank of America boosted their target price on 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, DA Davidson reaffirmed a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

Insiders Place Their Bets

In other O’Reilly Automotive 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 transaction of $1,118,880.00. Following the sale, the chairman now directly owns 183,583 shares in the company, valued at approximately $205,407,347.04. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last quarter, insiders sold 16,322 shares of company stock worth $18,280,698. 1.55% of the stock is owned by company insiders.

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.