World Investment Advisors LLC Has $616,000 Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

World Investment Advisors LLC lifted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 9.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 535 shares of the specialty retailer’s stock after acquiring an additional 46 shares during the quarter. World Investment Advisors LLC’s holdings in O’Reilly Automotive were worth $616,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ORLY. Hennion & Walsh Asset Management Inc. boosted its position in O’Reilly Automotive by 7.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,119 shares of the specialty retailer’s stock valued at $1,182,000 after purchasing an additional 78 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of O’Reilly Automotive by 5.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 48,165 shares of the specialty retailer’s stock worth $50,865,000 after purchasing an additional 2,362 shares in the last quarter. Focus Financial Network Inc. raised its stake in shares of O’Reilly Automotive by 134.3% during the 2nd quarter. Focus Financial Network Inc. now owns 506 shares of the specialty retailer’s stock worth $528,000 after purchasing an additional 290 shares in the last quarter. Summit Global Investments acquired a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at about $562,000. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of O’Reilly Automotive by 5.2% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 322 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ORLY. Barclays increased their price target on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. BMO Capital Markets assumed coverage on O’Reilly Automotive in a report on Friday. They set an “outperform” rating and a $1,400.00 target price on the stock. Truist Financial upped their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their target price 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. Finally, Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,257.00.

O’Reilly Automotive Stock Performance

ORLY opened at $1,268.86 on Tuesday. The firm has a market cap of $73.25 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. The business’s fifty day moving average is $1,215.48 and its 200-day moving average is $1,131.37. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last issued its 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 during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $10.72 EPS. On average, research analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now owns 700 shares in the company, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive 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.