IFM Investors Pty Ltd Grows Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Defense World

IFM Investors Pty Ltd increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 15.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,471 shares of the specialty retailer’s stock after purchasing an additional 1,396 shares during the period. IFM Investors Pty Ltd’s holdings in O’Reilly Automotive were worth $7,172,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in O’Reilly Automotive in the 4th quarter valued at about $16,133,000. Brookstone Capital Management boosted its position in O’Reilly Automotive by 17.0% in the 4th quarter. Brookstone Capital Management now owns 1,779 shares of the specialty retailer’s stock valued at $1,214,000 after buying an additional 258 shares during the period. Vantage Investment Partners LLC boosted its position in O’Reilly Automotive by 9.4% in the 4th quarter. Vantage Investment Partners LLC now owns 110,070 shares of the specialty retailer’s stock valued at $77,735,000 after buying an additional 9,438 shares during the period. Veriti Management LLC lifted its position in shares of O’Reilly Automotive by 11.5% in the 1st quarter. Veriti Management LLC now owns 561 shares of the specialty retailer’s stock worth $384,000 after purchasing an additional 58 shares during the period. Finally, Forum Financial Management LP purchased a new stake in shares of O’Reilly Automotive in the 4th quarter worth approximately $520,000. 82.76% of the stock is owned by institutional investors.

In other news, SVP Richard Darin Venosdel sold 4,754 shares of the stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $725.00, for a total value of $3,446,650.00. Following the sale, the senior vice president now owns 4,200 shares in the company, valued at $3,045,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeremy Adam Fletcher acquired 835 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was acquired at an average price of $600.00 per share, for a total transaction of $501,000.00. Following the purchase, the chief financial officer now directly owns 1,897 shares of the company’s stock, valued at $1,138,200. The disclosure for this purchase can be found here. 1.73% of the stock is owned by corporate insiders.

ORLY has been the subject of several research reports. Citigroup lowered their price target on shares of O’Reilly Automotive from $720.00 to $662.00 in a research report on Friday, May 13th. StockNews.com initiated coverage on shares of O’Reilly Automotive in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Truist Financial lowered their price target on shares of O’Reilly Automotive from $837.00 to $788.00 in a research report on Friday, April 29th. Wells Fargo & Company lowered their price target on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a research report on Wednesday, June 8th. Finally, Bank of America upgraded shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price objective for the company in a research note on Tuesday, May 10th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $718.18.

Shares of O’Reilly Automotive stock opened at $641.12 on Tuesday. O’Reilly Automotive, Inc. has a 12-month low of $554.38 and a 12-month high of $748.68. The firm has a market capitalization of $42.14 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 1.55 and a beta of 1.04. The firm’s 50 day simple moving average is $630.70 and its two-hundred day simple moving average is $661.45.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The specialty retailer reported $7.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.43 by ($0.26). O’Reilly Automotive had a net margin of 15.85% and a negative return on equity of 2,699.29%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the company posted $7.06 EPS. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 32.62 EPS for the current fiscal year.

O’Reilly Automotive Company Profile (Get Rating)

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. 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.

Read More

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating).

Receive News & Ratings for O’Reilly Automotive Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for O’Reilly Automotive and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net