Scotia Capital Inc. Acquires 3,947 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Scotia Capital Inc. raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) by 1,124.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,298 shares of the specialty retailer’s stock after purchasing an additional 3,947 shares during the quarter. Scotia Capital Inc.’s holdings in O’Reilly Automotive were worth $3,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of ORLY. National Bank of Canada FI lifted its position in shares of O’Reilly Automotive by 22.6% during the 3rd quarter. National Bank of Canada FI now owns 42,044 shares of the specialty retailer’s stock valued at $37,751,000 after buying an additional 7,762 shares during the last quarter. LPL Financial LLC raised its holdings in shares of O’Reilly Automotive by 10.8% in the 3rd quarter. LPL Financial LLC now owns 34,746 shares of the specialty retailer’s stock valued at $31,579,000 after acquiring an additional 3,385 shares in the last quarter. Capital Fund Management S.A. raised its holdings in shares of O’Reilly Automotive by 75.9% in the 2nd quarter. Capital Fund Management S.A. now owns 24,983 shares of the specialty retailer’s stock valued at $23,866,000 after acquiring an additional 10,779 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of O’Reilly Automotive by 277.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 107,562 shares of the specialty retailer’s stock valued at $102,754,000 after acquiring an additional 79,034 shares in the last quarter. Finally, BROOKFIELD Corp ON raised its holdings in shares of O’Reilly Automotive by 165.5% in the 2nd quarter. BROOKFIELD Corp ON now owns 25,431 shares of the specialty retailer’s stock valued at $24,294,000 after acquiring an additional 15,853 shares in the last quarter. Institutional investors own 82.92% of the company’s stock.

O’Reilly Automotive Trading Up 0.7 %

O’Reilly Automotive stock opened at $1,089.43 on Friday. The business’s fifty day simple moving average is $1,020.83 and its two-hundred day simple moving average is $971.04. O’Reilly Automotive, Inc. has a 12 month low of $795.74 and a 12 month high of $1,098.95. The company has a market capitalization of $64.32 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.96 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $8.37 earnings per share. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post 42.18 EPS for the current year.

Insider Activity at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares in the company, valued at $228,141,159.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares in the company, valued at $228,141,159.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,468 shares of company stock worth $28,769,333. 1.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank of Canada raised their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Truist Financial raised their price target on O’Reilly Automotive from $1,080.00 to $1,149.00 and gave the company a “buy” rating in a report on Friday, February 9th. The Goldman Sachs Group raised their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a report on Friday, February 9th. TD Cowen increased their price objective on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Friday, December 8th. Finally, Stephens restated an “overweight” rating and set a $1,060.00 price target on shares of O’Reilly Automotive in a research report on Tuesday, December 19th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and an average price target of $1,056.44.

View Our Latest Stock Analysis on O’Reilly Automotive

O’Reilly Automotive Profile

(Free Report)

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 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.

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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