Congress Asset Management Co. Acquires 9,838 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Congress Asset Management Co. increased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,885 shares of the specialty retailer’s stock after acquiring an additional 9,838 shares during the quarter. O’Reilly Automotive comprises approximately 1.1% of Congress Asset Management Co.’s portfolio, making the stock its 17th biggest position. Congress Asset Management Co.’s holdings in O’Reilly Automotive were worth $154,182,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Palumbo Wealth Management LLC raised its stake in O’Reilly Automotive by 3.1% in the third quarter. Palumbo Wealth Management LLC now owns 1,638 shares of the specialty retailer’s stock worth $1,886,000 after buying an additional 50 shares in the last quarter. Solidarity Wealth LLC boosted its position in shares of O’Reilly Automotive by 23.0% during the third quarter. Solidarity Wealth LLC now owns 8,607 shares of the specialty retailer’s stock valued at $9,911,000 after purchasing an additional 1,607 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in O’Reilly Automotive by 40.9% in the third quarter. First Trust Direct Indexing L.P. now owns 2,208 shares of the specialty retailer’s stock worth $2,542,000 after purchasing an additional 641 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in O’Reilly Automotive by 0.3% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 53,672 shares of the specialty retailer’s stock worth $64,394,000 after purchasing an additional 146 shares in the last quarter. Finally, Ariston Services Group bought a new stake in shares of O’Reilly Automotive during the 3rd quarter valued at $327,000. 85.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Dana Perlman sold 48 shares of the 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 transaction of $53,268.48. Following the transaction, the director now owns 1,097 shares in the company, valued at $1,217,406.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Chairman David E. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now directly owns 183,583 shares of the company’s stock, valued at $205,407,347.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,370 shares of company stock valued at $18,333,966. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Down 0.7 %

Shares of NASDAQ ORLY traded down $7.69 during midday trading on Thursday, reaching $1,154.52. 72,127 shares of the stock were exchanged, compared to its average volume of 372,906. The firm has a 50-day simple moving average of $1,153.49 and a two-hundred day simple moving average of $1,083.96. O’Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,221.18. The firm has a market cap of $66.97 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 2.42 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the company posted $10.72 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Research analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Roth Mkm restated a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Royal Bank of Canada upped their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Evercore ISI lifted their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, UBS Group cut their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $1,242.13.

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.