Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Boosts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,672 shares of the specialty retailer’s stock after acquiring an additional 146 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in O’Reilly Automotive were worth $64,394,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in O’Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock worth $5,739,462,000 after purchasing an additional 75,837 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of 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 worth $1,954,404,000 after buying an additional 57,194 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of O’Reilly Automotive by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock worth $1,505,649,000 after acquiring an additional 19,211 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of O’Reilly Automotive by 56.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after acquiring an additional 376,167 shares in the last quarter. Finally, International Assets Investment Management LLC lifted 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 acquiring an additional 853,633 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Dana Perlman sold 48 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares of the company’s stock, valued at $1,217,406.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now owns 1,097 shares of the company’s stock, valued at $1,217,406.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold 16,370 shares of company stock valued at $18,333,966 over the last ninety days. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY stock traded up $6.16 during trading hours on Wednesday, reaching $1,182.06. The company had a trading volume of 28,446 shares, compared to its average volume of 372,955. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,221.18. The company has a market capitalization of $68.57 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.42 and a beta of 0.92. The stock has a fifty day moving average of $1,153.01 and a 200-day moving average of $1,083.41.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $10.72 earnings per share. On average, analysts forecast that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORLY. TD Cowen lifted 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 report on Friday, October 25th. 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 research note on Thursday, August 22nd. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Barclays boosted their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Four 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

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.