Overbrook Management Corp Grows Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Overbrook Management Corp boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 39.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,511 shares of the specialty retailer’s stock after purchasing an additional 3,241 shares during the period. O’Reilly Automotive comprises 2.2% of Overbrook Management Corp’s investment portfolio, making the stock its 19th biggest position. Overbrook Management Corp’s holdings in O’Reilly Automotive were worth $10,936,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC increased its position in O’Reilly Automotive by 7.6% during the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock worth $900,186,000 after buying an additional 66,629 shares in the last quarter. Invesco Ltd. increased its position in O’Reilly Automotive by 3.7% during the third quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock worth $807,168,000 after buying an additional 31,487 shares in the last quarter. Northern Trust Corp increased its position in O’Reilly Automotive by 3.5% during the third quarter. Northern Trust Corp now owns 683,547 shares of the specialty retailer’s stock worth $621,249,000 after buying an additional 23,016 shares in the last quarter. International Assets Investment Management LLC increased its position in O’Reilly Automotive by 89,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after buying an additional 652,924 shares in the last quarter. Finally, Winslow Capital Management LLC increased its position in O’Reilly Automotive by 14.7% during the third quarter. Winslow Capital Management LLC now owns 302,615 shares of the specialty retailer’s stock worth $275,035,000 after buying an additional 38,762 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded down $38.57 during midday trading on Thursday, reaching $1,054.13. 917,935 shares of the company’s stock were exchanged, compared to its average volume of 373,213. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The stock has a market capitalization of $62.23 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86. The business’s fifty day moving average price is $1,097.34 and its two-hundred day moving average price is $1,014.62.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the company earned $8.28 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts predict that O’Reilly Automotive, Inc. will post 42.1 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the sale, the senior vice president now directly owns 963 shares of the company’s stock, valued at $1,000,200.69. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the sale, the senior vice president now directly owns 963 shares of the company’s stock, valued at $1,000,200.69. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,968 shares of company stock valued at $27,269,333. 1.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on ORLY. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday. Evercore ISI decreased their price objective on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Truist Financial raised their price objective on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Royal Bank of Canada raised their price objective on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, Barclays raised their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,108.94.

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.