Canada Pension Plan Investment Board Has $86.37 Million Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Canada Pension Plan Investment Board grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 23.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 81,783 shares of the specialty retailer’s stock after purchasing an additional 15,703 shares during the period. Canada Pension Plan Investment Board owned approximately 0.14% of O’Reilly Automotive worth $86,368,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ORLY. Rise Advisors LLC bought a new position in O’Reilly Automotive in the first quarter valued at about $36,000. Indiana Trust & Investment Management CO grew its holdings in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Riverview Trust Co acquired a new position in O’Reilly Automotive during the 1st quarter worth approximately $41,000. Crewe Advisors LLC bought a new position in O’Reilly Automotive in the 1st quarter valued at approximately $43,000. Finally, Kings Path Partners LLC acquired a new stake in O’Reilly Automotive in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ORLY shares. Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 25th. Truist Financial upped their price objective on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Evercore ISI raised their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. UBS Group reduced 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 report on Thursday, July 18th. Finally, DA Davidson raised their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,144.06.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,109.05 on Friday. The stock’s 50-day moving average is $1,111.26 and its 200 day moving average is $1,072.45. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The firm has a market cap of $64.34 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.15 and a beta of 0.92.

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

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.