SpiderRock Advisors LLC Buys Shares of 1,063 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

SpiderRock Advisors LLC purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,063 shares of the specialty retailer’s stock, valued at approximately $1,225,000.

Several other large investors have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC grew its holdings in shares of O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter valued at about $41,000. Crewe Advisors LLC acquired a new stake in O’Reilly Automotive in the 1st quarter valued at about $43,000. Kings Path Partners LLC purchased a new position in O’Reilly Automotive in the 2nd quarter worth approximately $44,000. Finally, ORG Partners LLC purchased a new position in O’Reilly Automotive in the 2nd quarter worth approximately $48,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORLY has been the subject of several recent research reports. Wedbush reaffirmed a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Truist Financial raised their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Roth Mkm restated a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,242.13.

Insiders Place Their Bets

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 13,765 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the completion of the sale, the director now directly owns 141,589 shares in the company, valued at approximately $158,511,717.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,322 shares of company stock worth $18,280,698 over the last 90 days. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,217.70 on Monday. The stock has a market capitalization of $70.64 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 2.47 and a beta of 0.92. The business has a 50-day moving average of $1,161.22 and a 200 day moving average of $1,088.55. O’Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,239.65.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data 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 business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the business posted $10.72 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 40.81 earnings per share for the current 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.