Private Trust Co. NA Boosts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Private Trust Co. NA increased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 45.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 571 shares of the specialty retailer’s stock after acquiring an additional 179 shares during the quarter. Private Trust Co. NA’s holdings in O’Reilly Automotive were worth $658,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORLY. Darwin Wealth Management LLC acquired a new position in shares of O’Reilly Automotive in the 3rd quarter valued at approximately $32,000. Trifecta Capital Advisors LLC raised its holdings in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in O’Reilly Automotive during the 3rd quarter valued at $37,000. Princeton Global Asset Management LLC acquired a new position in O’Reilly Automotive during the 3rd quarter worth $41,000. Finally, Kings Path Partners LLC bought a new stake in shares of O’Reilly Automotive in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,244.22 on Wednesday. The firm has a market capitalization of $71.83 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,255.30. The stock has a fifty day moving average of $1,183.85 and a two-hundred day moving average of $1,105.30.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data 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 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% compared to the same quarter last year. During the same period in the previous year, the company earned $10.72 EPS. Equities research analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the topic of several research analyst reports. Bank of America increased their price target 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. TD Cowen lifted 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. Wedbush reissued a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

Insider Activity

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated 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 sale, the director now owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

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.