Brookstone Capital Management lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,312 shares of the specialty retailer’s stock after purchasing an additional 20,324 shares during the quarter. Brookstone Capital Management’s holdings in O’Reilly Automotive were worth $15,558,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in O’Reilly Automotive by 1.2% in the first quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock worth $953,000 after acquiring an additional 8 shares during the period. SageView Advisory Group LLC lifted its stake in shares of O’Reilly Automotive by 5.1% in the 1st quarter. SageView Advisory Group LLC now owns 185 shares of the specialty retailer’s stock valued at $265,000 after purchasing an additional 9 shares during the last quarter. Greenline Partners LLC grew its holdings in shares of O’Reilly Automotive by 18.2% during the 1st quarter. Greenline Partners LLC now owns 65 shares of the specialty retailer’s stock worth $93,000 after purchasing an additional 10 shares during the period. Freedom Investment Management Inc. grew its holdings in shares of O’Reilly Automotive by 4.6% during the 1st quarter. Freedom Investment Management Inc. now owns 318 shares of the specialty retailer’s stock worth $455,000 after purchasing an additional 14 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. increased its position in shares of O’Reilly Automotive by 5.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 306 shares of the specialty retailer’s stock worth $438,000 after purchasing an additional 16 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.
O’Reilly Automotive Price Performance
ORLY opened at $92.54 on Thursday. The business has a fifty day moving average price of $97.11 and a 200 day moving average price of $98.23. O’Reilly Automotive, Inc. has a 12 month low of $78.30 and a 12 month high of $108.71. The stock has a market capitalization of $78.11 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.17 and a beta of 0.62.
Insider Activity at O’Reilly Automotive
In other O’Reilly Automotive news, Director John Raymond Murphy sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the sale, the director owned 8,125 shares of the company’s stock, valued at approximately $752,375. This trade represents a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the completion of the transaction, the senior vice president owned 28 shares of the company’s stock, valued at approximately $2,836.68. The trade was a 98.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,980 shares of company stock valued at $882,335 over the last quarter. 1.01% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
ORLY has been the subject of several research analyst reports. TD Cowen increased their target price on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Royal Bank Of Canada set a $110.00 price objective on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a report on Friday, October 24th. Barclays set a $91.00 target price on shares of O’Reilly Automotive and gave the company an “equal weight” rating in a report on Monday, October 27th. Wolfe Research upgraded O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, UBS Group restated a “buy” rating and set a $120.00 price target (up from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $112.05.
Get Our Latest Report on O’Reilly Automotive
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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