National Bank of Canada FI Grows Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

National Bank of Canada FI boosted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 12.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,978 shares of the specialty retailer's stock after purchasing an additional 4,604 shares during the period. National Bank of Canada FI owned about 0.07% of O'Reilly Automotive worth $49,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new stake in shares of O'Reilly Automotive during the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC boosted its holdings in O'Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of O'Reilly Automotive in the third quarter worth $37,000. Princeton Global Asset Management LLC bought a new stake in O'Reilly Automotive during the 3rd quarter valued at about $41,000. Finally, Kings Path Partners LLC purchased a new position in O'Reilly Automotive in the 2nd quarter worth approximately $44,000. Institutional investors own 85.00% of the company's stock.

Insider Transactions at O'Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the business's stock in a transaction on Monday, November 25th. The shares were 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 of the company's stock, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $734,442.00. Following the completion of the sale, the director now 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. Company insiders own 1.18% of the company's stock.

O'Reilly Automotive Trading Down 0.2 %

Shares of ORLY stock traded down $2.88 during trading hours on Monday, reaching $1,254.90. 312,541 shares of the company's stock were exchanged, compared to its average volume of 372,338. The company has a market cap of $72.45 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.55 and a beta of 0.93. O'Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,265.52. The stock's 50 day moving average is $1,204.04 and its 200-day moving average is $1,120.87.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS 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 company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the business earned $10.72 earnings per share. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts anticipate that O'Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BNP Paribas upgraded O'Reilly Automotive to a "strong-buy" rating in a report on Friday, October 25th. Truist Financial lifted their price target on shares of 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. Evercore ISI increased their price objective on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, Roth Capital raised O'Reilly Automotive to a "strong-buy" rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,248.06.

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.