Nomura Asset Management Co. Ltd. Raises Stock Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Nomura Asset Management Co. Ltd. lifted its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,907 shares of the specialty retailer's stock after purchasing an additional 1,811 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in O'Reilly Automotive were worth $32,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in O'Reilly Automotive during the third quarter valued at $32,000. Trifecta Capital Advisors LLC boosted its holdings in O'Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock worth $33,000 after buying an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in O'Reilly Automotive during the 3rd quarter worth approximately $37,000. Princeton Global Asset Management LLC purchased a new position in shares of O'Reilly Automotive in the third quarter valued at approximately $41,000. Finally, Kings Path Partners LLC acquired a new stake in shares of O'Reilly Automotive in the second quarter worth approximately $44,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ORLY. Morgan Stanley lifted their target price on shares of O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. TD Cowen boosted their price target on shares of O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Truist Financial upped their price target on O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, BNP Paribas upgraded O'Reilly Automotive to a "strong-buy" rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,248.06.

Insider Buying and Selling at O'Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of the company's stock in a transaction that occurred on 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 sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

O'Reilly Automotive Stock Up 0.9 %

NASDAQ:ORLY traded up $11.45 during trading hours on Tuesday, reaching $1,266.35. 320,533 shares of the stock were exchanged, compared to its average volume of 372,125. O'Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,273.59. The business has a 50-day moving average of $1,204.04 and a two-hundred day moving average of $1,120.87. The company has a market capitalization of $73.11 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.55 and a beta of 0.93.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion during 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 business's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.72 earnings per share. On average, research analysts forecast that O'Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

O'Reilly Automotive Company 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.