FORA Capital LLC Takes Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

FORA Capital LLC purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,474 shares of the specialty retailer’s stock, valued at approximately $1,697,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive during the 3rd quarter worth $32,000. Trifecta Capital Advisors LLC lifted its stake in shares of O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of O’Reilly Automotive in the 3rd quarter worth $37,000. Princeton Global Asset Management LLC acquired a new stake in shares of O’Reilly Automotive during the third quarter worth $41,000. Finally, Kings Path Partners LLC bought a new stake in O’Reilly Automotive in the second quarter valued at about $44,000. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,244.01 on Thursday. The firm has a market cap of $71.82 billion, a PE ratio of 30.78, a P/E/G ratio of 2.51 and a beta of 0.92. The business’s 50 day simple moving average is $1,186.07 and its 200 day simple moving average is $1,106.27. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,255.30.

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 analyst estimates of $4.42 billion. During the same quarter last year, the business earned $10.72 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts predict that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ORLY shares. TD Cowen raised their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI boosted their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Wedbush reaffirmed a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Roth Mkm reissued a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

O’Reilly Automotive Company 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.