Weiss Asset Management LP Purchases New Shares in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Weiss Asset Management LP bought a new position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,200 shares of the specialty retailer's stock, valued at approximately $7,140,000.

Several other large investors have also recently added to or reduced their stakes in ORLY. Quantinno Capital Management LP increased its holdings in shares of O'Reilly Automotive by 46.5% during the third quarter. Quantinno Capital Management LP now owns 10,926 shares of the specialty retailer's stock valued at $12,582,000 after purchasing an additional 3,468 shares during the period. Quarry LP lifted its stake in O'Reilly Automotive by 51.1% during the third quarter. Quarry LP now owns 139 shares of the specialty retailer's stock valued at $160,000 after purchasing an additional 47 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in O'Reilly Automotive by 2.5% during the third quarter. Royal London Asset Management Ltd. now owns 27,797 shares of the specialty retailer's stock valued at $32,011,000 after purchasing an additional 667 shares during the last quarter. Pinnacle Family Advisors LLC boosted its holdings in O'Reilly Automotive by 13.1% during the third quarter. Pinnacle Family Advisors LLC now owns 5,514 shares of the specialty retailer's stock worth $6,350,000 after buying an additional 638 shares in the last quarter. Finally, Port Capital LLC grew its position in O'Reilly Automotive by 1.7% in the third quarter. Port Capital LLC now owns 70,891 shares of the specialty retailer's stock worth $81,638,000 after buying an additional 1,165 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on ORLY. Truist Financial lifted their target price on shares of O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Roth Mkm restated a "buy" rating and issued a $1,337.00 price objective on shares of O'Reilly Automotive in a report on Wednesday, October 16th. BNP Paribas upgraded shares of O'Reilly Automotive to a "strong-buy" rating in a research note on Friday, October 25th. Bank of America boosted their target price on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Finally, Roth Capital upgraded shares of 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 issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, O'Reilly Automotive 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 firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company'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 in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company's stock.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock traded up $22.97 during midday trading on Friday, hitting $1,257.78. The company had a trading volume of 312,957 shares, compared to its average volume of 371,962. O'Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,259.29. The business's 50 day simple moving average is $1,199.74 and its two-hundred day simple moving average is $1,115.34. The stock has a market cap of $72.61 billion, a PE ratio of 31.07, a P/E/G ratio of 2.53 and a beta of 0.93.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.72 earnings per share. On average, sell-side analysts expect 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.