Signature Estate & Investment Advisors LLC Acquires 4,054 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Signature Estate & Investment Advisors LLC increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,079 shares of the specialty retailer’s stock after purchasing an additional 4,054 shares during the period. O’Reilly Automotive makes up 1.4% of Signature Estate & Investment Advisors LLC’s portfolio, making the stock its 21st biggest position. Signature Estate & Investment Advisors LLC owned approximately 0.09% of O’Reilly Automotive worth $62,277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank Pictet & Cie Asia Ltd. acquired a new position in shares of O’Reilly Automotive during the second quarter worth about $800,000. Handelsbanken Fonder AB raised its holdings in shares of O’Reilly Automotive by 2.5% in the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after purchasing an additional 727 shares during the last quarter. Assetmark Inc. increased its stake in O’Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after buying an additional 3,193 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in O’Reilly Automotive by 5.0% during the 1st 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of O’Reilly Automotive by 90.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock worth $15,458,000 after buying an additional 6,954 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at O’Reilly Automotive

In other news, Chairman David E. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the transaction, the chairman now owns 183,583 shares in the company, valued at approximately $205,407,347.04. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the completion of the sale, the director now owns 141,589 shares in the company, valued at approximately $158,511,717.28. The trade was a 8.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,322 shares of company stock valued at $18,280,698 in the last three months. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ORLY. DA Davidson reiterated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Roth Mkm reissued a “buy” rating and issued a $1,337.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Truist Financial boosted their target price on shares of 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. Wedbush reiterated a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, Royal Bank of Canada boosted their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. 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 stock. According to data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Stock Performance

ORLY opened at $1,224.40 on Friday. The stock has a fifty day moving average of $1,167.21 and a 200-day moving average of $1,092.14. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30. The company has a market capitalization of $70.68 billion, a P/E ratio of 30.29, a P/E/G ratio of 2.51 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 earnings per share (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 the consensus estimate of $4.42 billion. During the same period in the prior year, the firm earned $10.72 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share 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.