Rockefeller Capital Management L.P. Acquires 1,627 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Rockefeller Capital Management L.P. boosted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 12.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,251 shares of the specialty retailer’s stock after acquiring an additional 1,627 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in O’Reilly Automotive were worth $16,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Isthmus Partners LLC bought a new position in O’Reilly Automotive during the third quarter valued at approximately $248,000. Public Sector Pension Investment Board grew its holdings in O’Reilly Automotive by 2.0% during the third quarter. Public Sector Pension Investment Board now owns 10,395 shares of the specialty retailer’s stock valued at $11,971,000 after purchasing an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in O’Reilly Automotive by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,309 shares of the specialty retailer’s stock valued at $13,023,000 after purchasing an additional 279 shares during the last quarter. FORA Capital LLC acquired a new position in O’Reilly Automotive during the third quarter valued at approximately $1,697,000. Finally, RPg Family Wealth Advisory LLC grew its holdings in O’Reilly Automotive by 3.2% during the third quarter. RPg Family Wealth Advisory LLC now owns 5,112 shares of the specialty retailer’s stock valued at $5,887,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $1,243.22 on Monday. The stock has a market cap of $71.77 billion, a PE ratio of 30.76, a PEG ratio of 2.52 and a beta of 0.92. The business has a fifty day moving average of $1,191.32 and a two-hundred day moving average of $1,110.24. 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 issued 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). The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $10.72 earnings per share. Analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated 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 completion of the transaction, the director now directly owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ORLY. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Barclays increased their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. TD Cowen increased their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Wedbush restated a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

About O’Reilly Automotive

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.