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

Congress Asset Management Co. lifted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,885 shares of the specialty retailer's stock after buying an additional 9,838 shares during the period. O'Reilly Automotive makes up about 1.1% of Congress Asset Management Co.'s investment portfolio, making the stock its 17th largest holding. Congress Asset Management Co. owned about 0.23% of O'Reilly Automotive worth $154,182,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nordea Investment Management AB boosted its position in shares of O'Reilly Automotive by 3.8% during the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer's stock valued at $68,327,000 after purchasing an additional 2,214 shares in the last quarter. Bank Pictet & Cie Asia Ltd. bought a new position in shares of O'Reilly Automotive in the second quarter valued at $800,000. Handelsbanken Fonder AB lifted its position in shares of O'Reilly Automotive by 2.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer's stock valued at $34,507,000 after acquiring an additional 727 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of O'Reilly Automotive by 5.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer's stock worth $16,723,000 after acquiring an additional 701 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of O'Reilly Automotive by 90.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer's stock worth $15,458,000 after acquiring an additional 6,954 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ORLY shares. Morgan Stanley increased their price target on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their price objective 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. Truist Financial increased their price objective on O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a "buy" rating in a report on Friday, October 25th. UBS Group lowered their target price on O'Reilly Automotive from $1,275.00 to $1,250.00 and set a "buy" rating on the stock in a research note on Thursday, July 18th. Finally, Evercore ISI raised their price objective on shares of O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Four equities research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,242.13.

Insider Buying and Selling at O'Reilly Automotive

In related news, Chairman David E. Oreilly sold 1,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares in the company, valued at $205,407,347.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Lawrence P. Oreilly sold 13,765 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the sale, the director now owns 141,589 shares of the company's stock, valued at $158,511,717.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of the business's 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 transaction of $1,118,880.00. Following the completion of the transaction, the chairman now owns 183,583 shares of the company's stock, valued at $205,407,347.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,370 shares of company stock valued at $18,333,966. 1.55% of the stock is currently owned by company insiders.

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY traded down $9.07 during midday trading on Thursday, reaching $1,153.14. 473,508 shares of the company's stock were exchanged, compared to its average volume of 374,920. The firm has a market capitalization of $66.89 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.42 and a beta of 0.92. The company's 50 day simple moving average is $1,153.49 and its two-hundred day simple moving average is $1,083.96. O'Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,221.18.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released 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). The company had revenue of $4.36 billion for 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%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.72 earnings per share. On average, research analysts anticipate that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current 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.