Caisse DE Depot ET Placement DU Quebec Boosts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Caisse DE Depot ET Placement DU Quebec grew its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 405.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,826 shares of the specialty retailer’s stock after acquiring an additional 14,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in O’Reilly Automotive were worth $20,528,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ORLY. Cetera Advisors LLC lifted its position in shares of O’Reilly Automotive by 10.7% during the first quarter. Cetera Advisors LLC now owns 1,953 shares of the specialty retailer’s stock valued at $2,205,000 after buying an additional 189 shares during the last quarter. Marcum Wealth LLC lifted its holdings in shares of O’Reilly Automotive by 5.1% during the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 10 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in O’Reilly Automotive during the 2nd quarter valued at about $90,000. Mather Group LLC. raised its stake in O’Reilly Automotive by 9.8% in the second quarter. Mather Group LLC. now owns 729 shares of the specialty retailer’s stock valued at $823,000 after buying an additional 65 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of O’Reilly Automotive by 2.5% during the second quarter. Fulton Bank N.A. now owns 1,992 shares of the specialty retailer’s stock worth $2,104,000 after acquiring an additional 48 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Trading Down 0.1 %

Shares of ORLY stock opened at $1,243.22 on Monday. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.30. The business’s 50 day moving average is $1,191.32 and its two-hundred day moving average is $1,110.24. The company has a market capitalization of $71.77 billion, a P/E ratio of 30.76, a P/E/G ratio of 2.52 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $10.72 EPS. On average, research analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction on Monday, November 25th. The stock was 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 approximately $6,201.95. This represents a 99.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now directly owns 700 shares in the company, 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 1.55% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. TD Cowen boosted their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Truist Financial raised their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Wedbush reaffirmed a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Finally, BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive presently 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.