Nomura Asset Management Co. Ltd. Boosts Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Nomura Asset Management Co. Ltd. grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 27,907 shares of the specialty retailer’s stock after purchasing an additional 1,811 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in O’Reilly Automotive were worth $32,138,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in shares of O’Reilly Automotive during the 3rd quarter valued at $32,000. Trifecta Capital Advisors LLC lifted its stake in shares of O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of O’Reilly Automotive in the third quarter worth about $37,000. Princeton Global Asset Management LLC acquired a new stake in shares of O’Reilly Automotive in the third quarter valued at about $41,000. Finally, Kings Path Partners LLC purchased a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at about $44,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of analyst reports. 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 report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of 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 upped their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, 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. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $1,248.06.

O’Reilly Automotive Trading Down 0.2 %

Shares of NASDAQ ORLY opened at $1,254.90 on Tuesday. The business has a 50 day simple moving average of $1,204.04 and a 200-day simple moving average of $1,120.87. O’Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,265.52. The company has a market capitalization of $72.45 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 2.55 and a beta of 0.93.

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). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the company posted $10.72 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now directly owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

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.