O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 405.6% in the third quarter, HoldingsChannel.com reports. The firm owned 17,826 shares of the specialty retailer’s stock after buying an additional 14,300 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in O’Reilly Automotive were worth $20,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ORLY. Eventide Asset Management LLC grew its position in O’Reilly Automotive by 3.4% in the 3rd quarter. Eventide Asset Management LLC now owns 34,638 shares of the specialty retailer’s stock valued at $39,889,000 after acquiring an additional 1,147 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of O’Reilly Automotive by 42.1% in the third quarter. Verition Fund Management LLC now owns 9,671 shares of the specialty retailer’s stock valued at $11,137,000 after purchasing an additional 2,865 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in O’Reilly Automotive by 12.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 14,251 shares of the specialty retailer’s stock worth $16,411,000 after buying an additional 1,627 shares during the period. Isthmus Partners LLC acquired a new stake in O’Reilly Automotive during the 3rd quarter worth approximately $248,000. Finally, Public Sector Pension Investment Board boosted its position in O’Reilly Automotive by 2.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 10,395 shares of the specialty retailer’s stock valued at $11,971,000 after buying an additional 200 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Truist Financial upped their price target on 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. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Bank of America raised their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Wedbush reiterated a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Four equities research 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’s stock. According to MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Trading Down 0.1 %

Shares of ORLY opened at $1,243.22 on Monday. The company’s 50 day simple moving average is $1,191.32 and its 200-day simple moving average is $1,110.24. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.30. The firm has a market cap of $71.77 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 2.52 and a beta of 0.92.

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 analysts’ consensus estimates 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 analyst estimates of $4.42 billion. During the same quarter in the prior year, the firm posted $10.72 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

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.