Mattern Capital Management LLC Increases Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Mattern Capital Management LLC lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 19.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320 shares of the specialty retailer’s stock after buying an additional 53 shares during the period. Mattern Capital Management LLC’s holdings in O’Reilly Automotive were worth $369,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ORLY. Nordea Investment Management AB raised its holdings in shares of O’Reilly Automotive by 3.8% in the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock worth $68,327,000 after purchasing an additional 2,214 shares during the period. Bank Pictet & Cie Asia Ltd. purchased a new position in O’Reilly Automotive in the second quarter valued at approximately $800,000. Handelsbanken Fonder AB lifted its position in O’Reilly Automotive by 2.5% during the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after buying an additional 727 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in O’Reilly Automotive by 5.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after buying an additional 701 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of O’Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock worth $15,458,000 after acquiring an additional 6,954 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction dated 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 available at this link. In related news, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the sale, the director now owns 5,016 shares of the company’s stock, valued at $5,698,978.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. In the last three months, insiders sold 50,411 shares of company stock valued at $56,846,062. Company insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

ORLY has been the topic of several recent research reports. Barclays lifted their target price on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a report on Friday. DA Davidson reaffirmed a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a research report on Thursday. Truist Financial raised their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley increased their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Roth Mkm reissued a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Stock Down 0.4 %

Shares of O’Reilly Automotive stock opened at $1,195.22 on Friday. The business has a 50-day moving average price of $1,150.51 and a 200 day moving average price of $1,081.98. O’Reilly Automotive, Inc. has a fifty-two week low of $895.88 and a fifty-two week high of $1,221.18. The firm has a market cap of $69.33 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.29 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 net margin of 14.57% and a negative return on equity of 146.57%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the company posted $10.72 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 41.05 earnings per share 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.