CIBC Asset Management Inc Has $22.57 Million Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

CIBC Asset Management Inc boosted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,597 shares of the specialty retailer's stock after acquiring an additional 882 shares during the quarter. CIBC Asset Management Inc's holdings in O'Reilly Automotive were worth $22,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank Pictet & Cie Asia Ltd. acquired a new stake in O'Reilly Automotive during the second quarter valued at approximately $800,000. Handelsbanken Fonder AB grew its holdings in shares of O'Reilly Automotive by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer's stock worth $34,507,000 after acquiring an additional 727 shares during the last quarter. Assetmark Inc. raised its position in shares of O'Reilly Automotive by 20.8% during the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer's stock worth $21,396,000 after purchasing an additional 3,193 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of O'Reilly Automotive by 5.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer's stock valued at $16,723,000 after purchasing an additional 701 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of O'Reilly Automotive by 90.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer's stock valued at $15,458,000 after purchasing an additional 6,954 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORLY. Truist Financial boosted 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. Bank of America boosted their price target on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. raised their price objective 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. Roth Capital upgraded shares of O'Reilly Automotive to a "strong-buy" rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada increased their target price on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Four research 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 a consensus rating of "Moderate Buy" and a consensus target price of $1,242.13.

O'Reilly Automotive Price Performance

ORLY traded down $11.03 during midday trading on Friday, hitting $1,213.37. 437,650 shares of the company's stock traded hands, compared to its average volume of 375,309. The company has a market cap of $70.05 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. O'Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,255.30. The stock's fifty day simple moving average is $1,170.83 and its 200-day simple moving average is $1,094.28.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly 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 business had revenue of $4.36 billion for 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 for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.72 EPS. On average, research analysts expect that O'Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence P. Oreilly sold 13,765 shares of O'Reilly Automotive stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the transaction, the director now owns 141,589 shares in the company, valued at $158,511,717.28. The trade was a 8.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,322 shares of company stock worth $18,280,698. 1.55% of the stock is owned by corporate insiders.

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.