NN Investment Partners Holdings N.V. boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,430 shares of the specialty retailer’s stock after buying an additional 2,973 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in O’Reilly Automotive were worth $12,867,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in O’Reilly Automotive during the 3rd quarter worth about $1,155,000. Nachman Norwood & Parrott Inc acquired a new position in O’Reilly Automotive during the 3rd quarter worth about $36,000. Perigon Wealth Management LLC acquired a new position in O’Reilly Automotive during the 4th quarter worth about $39,000. CX Institutional lifted its holdings in O’Reilly Automotive by 38.8% during the 3rd quarter. CX Institutional now owns 93 shares of the specialty retailer’s stock worth $43,000 after buying an additional 26 shares during the period. Finally, Cerebellum GP LLC acquired a new position in O’Reilly Automotive during the 3rd quarter worth about $63,000. 82.00% of the stock is currently owned by hedge funds and other institutional investors.
ORLY has been the topic of several recent research reports. Raymond James raised O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $550.00 target price on the stock in a report on Monday, October 19th. Oppenheimer raised O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $550.00 price objective on the stock in a research note on Tuesday, November 24th. They noted that the move was a valuation call. Wedbush cut their target price on O’Reilly Automotive from $490.00 to $460.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. Finally, Royal Bank of Canada upped their target price on O’Reilly Automotive from $541.00 to $560.00 in a research report on Tuesday, October 20th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. O’Reilly Automotive currently has a consensus rating of “Buy” and an average target price of $480.14.
In other news, Chairman David E. Oreilly sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $450.56, for a total value of $9,011,200.00. Following the completion of the sale, the chairman now directly owns 107,404 shares of the company’s stock, valued at $48,391,946.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Raymond Murphy sold 200 shares of the stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $452.34, for a total value of $90,468.00. The disclosure for this sale can be found here. 2.43% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:ORLY opened at $448.29 on Friday. The business’s 50 day simple moving average is $457.70 and its two-hundred day simple moving average is $457.51. The firm has a market cap of $32.48 billion, a P/E ratio of 20.02, a PEG ratio of 1.44 and a beta of 0.98. The company has a debt-to-equity ratio of 5.81, a quick ratio of 0.35 and a current ratio of 0.98. O’Reilly Automotive, Inc. has a 52-week low of $251.51 and a 52-week high of $496.61.
O’Reilly Automotive announced that its Board of Directors has approved a stock repurchase program on Wednesday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
O’Reilly Automotive Profile
O’Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. 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, lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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