Vontobel Holding Ltd. Raises Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Vontobel Holding Ltd. lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 22.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 899 shares of the specialty retailer’s stock after purchasing an additional 162 shares during the quarter. Vontobel Holding Ltd.’s holdings in O’Reilly Automotive were worth $1,035,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ORLY. Sumitomo Life Insurance Co. raised its stake in O’Reilly Automotive by 2.8% during the third quarter. Sumitomo Life Insurance Co. now owns 801 shares of the specialty retailer’s stock valued at $922,000 after purchasing an additional 22 shares in the last quarter. Asset Dedication LLC increased its holdings in shares of O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after buying an additional 9 shares during the last quarter. NBC Securities Inc. raised its position in shares of O’Reilly Automotive by 1.5% during the 3rd quarter. NBC Securities Inc. now owns 1,508 shares of the specialty retailer’s stock valued at $1,736,000 after buying an additional 22 shares in the last quarter. Creative Planning lifted its holdings in shares of O’Reilly Automotive by 4.4% in the 3rd quarter. Creative Planning now owns 21,352 shares of the specialty retailer’s stock valued at $24,589,000 after acquiring an additional 899 shares during the last quarter. Finally, Grove Bank & Trust grew its position in O’Reilly Automotive by 25.3% in the third quarter. Grove Bank & Trust now owns 114 shares of the specialty retailer’s stock worth $131,000 after acquiring an additional 23 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction dated 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 completion of the sale, the chairman now owns 13,347 shares in the company, valued at approximately $15,049,409.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at $15,049,409.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at $296,800. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 over the last three months. 1.55% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on ORLY shares. Truist Financial boosted their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company raised their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Wedbush reiterated 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. Finally, Royal Bank of Canada lowered their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,206.87.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,210.96 on Monday. The company has a market capitalization of $71.32 billion, a PE ratio of 30.74, a P/E/G ratio of 2.29 and a beta of 0.92. The company has a 50 day moving average price of $1,142.14 and a 200-day moving average price of $1,078.34. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,221.05.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same period last year, the firm earned $10.22 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts forecast that O’Reilly Automotive, Inc. will post 41.1 earnings per share for the current 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.