FORA Capital LLC Invests $1.70 Million in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

FORA Capital LLC purchased a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,474 shares of the specialty retailer’s stock, valued at approximately $1,697,000.

Several other hedge funds have also added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. boosted its stake in O’Reilly Automotive by 5.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,944 shares of the specialty retailer’s stock valued at $2,195,000 after purchasing an additional 97 shares during the period. Citizens Financial Group Inc. RI increased its position in O’Reilly Automotive by 5.8% during the first quarter. Citizens Financial Group Inc. RI now owns 475 shares of the specialty retailer’s stock worth $536,000 after acquiring an additional 26 shares during the period. Virtu Financial LLC raised its stake in O’Reilly Automotive by 10.8% in the 1st quarter. Virtu Financial LLC now owns 1,883 shares of the specialty retailer’s stock worth $2,125,000 after purchasing an additional 184 shares in the last quarter. LRI Investments LLC bought a new stake in O’Reilly Automotive in the 1st quarter valued at about $96,000. Finally, Swedbank AB bought a new stake in O’Reilly Automotive in the 1st quarter valued at about $73,661,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrea Weiss sold 600 shares of the business’s 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 transaction of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ORLY. Truist Financial raised their target price 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. JPMorgan Chase & Co. raised their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. TD Cowen upped their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada upped 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 research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,244.01 on Thursday. The firm’s fifty day moving average price is $1,186.07 and its two-hundred day moving average price is $1,106.27. The stock has a market cap of $71.82 billion, a PE ratio of 30.78, a PEG ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30.

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

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.