Healthcare of Ontario Pension Plan Trust Fund Buys 12,064 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 20.0% in the 3rd quarter, Holdings Channel reports. The firm owned 72,471 shares of the specialty retailer’s stock after acquiring an additional 12,064 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in O’Reilly Automotive were worth $83,458,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in O’Reilly Automotive in the 3rd quarter worth about $32,000. Trifecta Capital Advisors LLC boosted its stake in O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. bought a new position in O’Reilly Automotive in the 3rd quarter worth about $37,000. Princeton Global Asset Management LLC purchased a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at about $41,000. Finally, Kings Path Partners LLC purchased a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at about $44,000. Institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on ORLY shares. Bank of America raised their price target on 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. JPMorgan Chase & Co. raised their price target on 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. Royal Bank of Canada raised their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. DA Davidson reaffirmed a “buy” rating and issued a $1,275.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Finally, Truist Financial raised their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,242.13.

Insider Buying and Selling

In other news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive 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 value of $734,442.00. Following the sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction that occurred 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 owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

O’Reilly Automotive Price Performance

ORLY opened at $1,244.22 on Wednesday. The stock’s 50 day simple moving average is $1,183.85 and its 200 day simple moving average is $1,105.30. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,255.30. The firm has a market cap of $71.83 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 2.51 and a beta of 0.92.

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