450 Shares in O'Reilly Automotive, Inc. (NASDAQ:ORLY) Bought by Arvest Bank Trust Division

Arvest Bank Trust Division bought a new stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 450 shares of the specialty retailer's stock, valued at approximately $518,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. World Investment Advisors LLC raised its holdings in O'Reilly Automotive by 9.4% in the 3rd quarter. World Investment Advisors LLC now owns 535 shares of the specialty retailer's stock worth $616,000 after purchasing an additional 46 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in O'Reilly Automotive by 4.2% in the third quarter. SkyView Investment Advisors LLC now owns 884 shares of the specialty retailer's stock worth $1,018,000 after buying an additional 36 shares during the period. Advisory Resource Group purchased a new stake in O'Reilly Automotive in the third quarter worth about $202,000. TCW Group Inc. lifted its holdings in O'Reilly Automotive by 1.9% in the third quarter. TCW Group Inc. now owns 102,948 shares of the specialty retailer's stock worth $118,555,000 after buying an additional 1,918 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in O'Reilly Automotive by 7.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 572 shares of the specialty retailer's stock valued at $659,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the company's stock in a transaction dated 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 sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Andrea Weiss sold 600 shares of O'Reilly Automotive stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ORLY. Bank of America increased their price objective on O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Truist Financial lifted their target price on shares of O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a "buy" rating in a report on Friday, October 25th. Royal Bank of Canada upped their price target on 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. TD Cowen lifted their price objective on O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their target price on 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. Four 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. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Moderate Buy" and an average target price of $1,248.06.

O'Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded up $0.71 during midday trading on Thursday, hitting $1,269.72. 230,923 shares of the stock traded hands, compared to its average volume of 371,136. The firm has a market capitalization of $73.30 billion, a P/E ratio of 31.40, a PEG ratio of 2.55 and a beta of 0.93. O'Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,275.80. The firm has a 50-day moving average of $1,208.41 and a two-hundred day moving average of $1,123.86.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results 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). The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $10.72 EPS. Equities analysts forecast that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

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.