GAMMA Investing LLC Buys 220 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

GAMMA Investing LLC grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 35.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 849 shares of the specialty retailer’s stock after acquiring an additional 220 shares during the quarter. GAMMA Investing LLC’s holdings in O’Reilly Automotive were worth $978,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in O’Reilly Automotive during the first quarter worth about $36,000. Indiana Trust & Investment Management CO increased its stake in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Riverview Trust Co acquired a new position in O’Reilly Automotive during the first quarter valued at approximately $41,000. Crewe Advisors LLC bought a new stake in O’Reilly Automotive during the first quarter worth $43,000. Finally, Kings Path Partners LLC acquired a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at $44,000. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,151.42 on Tuesday. The firm has a market cap of $67.81 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 2.19 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,171.39. The firm has a 50 day moving average price of $1,129.45 and a two-hundred day moving average price of $1,075.09.

O’Reilly Automotive (NASDAQ:ORLY) last released its 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 firm 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.22 EPS. As a group, equities research analysts predict that O’Reilly Automotive, Inc. will post 41.1 EPS for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dana Perlman sold 48 shares of the stock in a transaction dated 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 directly owns 1,097 shares in the company, valued at $1,217,406.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock valued at $56,846,062 over the last 90 days. Company insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ORLY shares. UBS Group dropped their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Royal Bank of Canada reduced their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Evercore ISI upped their price objective on shares of 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. DA Davidson increased their price objective 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. Finally, Truist Financial boosted their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,166.79.

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.