Lord Abbett & CO. LLC Invests $36.18 Million in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Lord Abbett & CO. LLC purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,046 shares of the specialty retailer’s stock, valued at approximately $36,176,000. Lord Abbett & CO. LLC owned about 0.05% of O’Reilly Automotive at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Rise Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at $36,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at $37,000. Indiana Trust & Investment Management CO boosted its stake in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at $41,000. Finally, LifeSteps Financial Inc. purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at $45,000. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORLY. Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Truist Financial dropped their price target on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Evercore ISI dropped their price target on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a research report on Tuesday. UBS Group dropped their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday. Finally, StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,113.36.

O’Reilly Automotive Stock Up 1.4 %

Shares of NASDAQ:ORLY traded up $14.77 on Friday, hitting $1,042.86. The company had a trading volume of 392,768 shares, compared to its average volume of 393,200. The firm’s 50-day simple moving average is $1,014.65 and its two-hundred day simple moving average is $1,040.75. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The firm has a market capitalization of $61.41 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 1.92 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. O’Reilly Automotive’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $8.28 EPS. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 41.72 EPS for the current year.

Insider Buying and Selling

In related news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

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.