Pelham Capital Ltd. Purchases 2,707 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pelham Capital Ltd. boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 33.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 10,714 shares of the specialty retailer’s stock after buying an additional 2,707 shares during the quarter. O’Reilly Automotive comprises 7.4% of Pelham Capital Ltd.’s investment portfolio, making the stock its 5th largest holding. Pelham Capital Ltd.’s holdings in O’Reilly Automotive were worth $12,338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC boosted 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 last quarter. Indiana Trust & Investment Management CO lifted its holdings in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 26 shares during the period. Riverview Trust Co bought a new position in O’Reilly Automotive in the first quarter valued at approximately $41,000. Crewe Advisors LLC acquired a new stake in O’Reilly Automotive during the 1st quarter worth $43,000. Finally, Kings Path Partners LLC bought a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at $44,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on ORLY shares. Wells Fargo & Company raised their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Roth Mkm restated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday. Bank of America upped their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Truist Financial upped their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,206.87.

Insiders Place Their Bets

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dana Perlman sold 48 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock valued at $56,846,062 in the last 90 days. 1.18% of the stock is currently owned by insiders.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock traded up $6.74 during mid-day trading on Friday, reaching $1,210.96. The company’s stock had a trading volume of 227,202 shares, compared to its average volume of 312,028. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,221.05. The business’s 50 day simple moving average is $1,142.14 and its 200 day simple moving average is $1,079.15. The company has a market capitalization of $70.25 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the business earned $10.22 EPS. O’Reilly Automotive’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.1 EPS 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.