Fifth Third Wealth Advisors LLC Has $1.31 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Fifth Third Wealth Advisors LLC boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,135 shares of the specialty retailer’s stock after buying an additional 28 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $1,307,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in O’Reilly Automotive by 3.2% during the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after buying an additional 57,194 shares during the period. Bank of New York Mellon Corp grew its stake in O’Reilly Automotive by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after acquiring an additional 19,211 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of O’Reilly Automotive by 99,957.0% in the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after purchasing an additional 853,633 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of O’Reilly Automotive by 5.2% during the second quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock worth $524,629,000 after purchasing an additional 24,767 shares during the period. Finally, Mizuho Securities USA LLC grew its position in O’Reilly Automotive by 10,626.8% during the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after purchasing an additional 482,670 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ORLY. Bank of America increased 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. JPMorgan Chase & Co. increased their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Evercore ISI boosted their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. TD Cowen upped their target price on 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. Finally, Barclays lifted their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Activity at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 SEC, which can be accessed through this link. Corporate insiders own 1.18% of the company’s stock.

O’Reilly Automotive Trading Down 1.3 %

Shares of O’Reilly Automotive stock opened at $1,200.59 on Wednesday. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,255.30. The company’s fifty day simple moving average is $1,174.11 and its 200-day simple moving average is $1,098.28. The company has a market cap of $69.31 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 2.46 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) 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. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share 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.