BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 4,221 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 59.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,307 shares of the specialty retailer’s stock after purchasing an additional 4,221 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in O’Reilly Automotive were worth $11,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORLY. Vanguard Group Inc. boosted its holdings in shares of O’Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after purchasing an additional 75,837 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of O’Reilly Automotive by 3.2% in the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock worth $1,954,404,000 after buying an additional 57,194 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in O’Reilly Automotive by 1.4% during the second 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 buying an additional 19,211 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in O’Reilly Automotive by 56.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after buying an additional 376,167 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in O’Reilly Automotive by 656.2% in the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after acquiring an additional 397,108 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on ORLY shares. Truist Financial increased their target price on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company lifted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. UBS Group decreased their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Evercore ISI lifted their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Wedbush restated a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,144.06.

Insider Activity

In related news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the sale, the chairman now owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dana Perlman sold 48 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock valued at $56,846,062 over the last ninety days. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,142.81 on Thursday. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The stock has a market cap of $67.30 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. The stock has a 50-day moving average of $1,114.52 and a two-hundred day moving average of $1,072.87.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the business earned $10.22 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts predict that O’Reilly Automotive, Inc. will post 41.13 EPS 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.