Truist Financial Corp grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 36.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,722 shares of the specialty retailer’s stock after buying an additional 5,796 shares during the quarter. Truist Financial Corp’s holdings in O’Reilly Automotive were worth $14,878,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in ORLY. Riverview Trust Co purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $27,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in O’Reilly Automotive in the 4th quarter worth about $28,000. Mascoma Wealth Management LLC acquired a new stake in O’Reilly Automotive in the 4th quarter worth about $30,000. Atlas Capital Advisors LLC acquired a new stake in O’Reilly Automotive in the 4th quarter worth about $30,000. Finally, CVA Family Office LLC acquired a new stake in O’Reilly Automotive in the 4th quarter worth about $49,000. Institutional investors and hedge funds own 82.76% of the company’s stock.
In other O’Reilly Automotive news, SVP Jeffrey Lynn Groves acquired 175 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were bought at an average cost of $572.77 per share, for a total transaction of $100,234.75. Following the acquisition, the senior vice president now directly owns 721 shares of the company’s stock, valued at $412,967.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeremy Adam Fletcher acquired 835 shares of the company’s stock in a transaction on Friday, May 20th. The shares were acquired at an average price of $600.00 per share, for a total transaction of $501,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,897 shares in the company, valued at $1,138,200. The disclosure for this purchase can be found here. 1.73% of the stock is owned by insiders.
Shares of NASDAQ:ORLY opened at $657.88 on Monday. The company has a market cap of $43.24 billion, a P/E ratio of 21.08, a PEG ratio of 1.59 and a beta of 0.99. O’Reilly Automotive, Inc. has a one year low of $562.90 and a one year high of $748.68. The business’s 50-day simple moving average is $621.01 and its 200 day simple moving average is $659.33.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last announced its earnings results on Wednesday, April 27th. The specialty retailer reported $7.17 EPS for the quarter, missing the consensus estimate of $7.43 by ($0.26). The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. O’Reilly Automotive had a net margin of 15.85% and a negative return on equity of 2,699.29%. During the same quarter in the previous year, the business posted $7.06 earnings per share. Equities research analysts expect that O’Reilly Automotive, Inc. will post 32.68 EPS for the current year.
ORLY has been the topic of a number of research analyst reports. StockNews.com initiated coverage on O’Reilly Automotive in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Bank of America raised O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price target on the stock in a research note on Tuesday, May 10th. Citigroup reduced their price objective on O’Reilly Automotive from $720.00 to $662.00 in a research note on Friday, May 13th. DA Davidson raised O’Reilly Automotive from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $700.00 to $740.00 in a research note on Wednesday, June 29th. Finally, Truist Financial reduced their price objective on O’Reilly Automotive from $837.00 to $788.00 in a research note on Friday, April 29th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $721.04.
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.
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Source: defenseworld.net
