O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. has recently boosted its investment in O’Reilly Automotive, Inc. by 10.9% in the third quarter, according to their latest 13F filing with the SEC. This move saw the institutional investor acquire an additional 1,204 shares, bringing their total holdings in the specialty retailer to 12,274 shares valued at $14,135,000 by the end of the quarter.
It’s not just Daiwa Securities Group Inc. that has been making moves with O’Reilly Automotive. Other institutional investors have also been adjusting their positions. Asset Dedication LLC increased its stake by 6.2%, Marks Group Wealth Management Inc by 1.5%, Venturi Wealth Management LLC by 8.5%, Metis Global Partners LLC by 0.5%, and Industrial Alliance Investment Management Inc. by 2.6%. In fact, 85.00% of the stock is currently owned by hedge funds and other institutional investors.
In insider news, Senior Vice President Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. These shares were sold at an average price of $1,125.00, totaling $1,751,625.00. It’s important to note that company insiders now own 1.55% of the company’s stock.
On the analyst front, several research firms have weighed in on ORLY. Barclays increased their target price to $1,088.00, Cowen to $1,375.00, Wedbush to $1,200.00, Mkm to $1,337.00, and Wells Fargo to $1,325.00. Overall, four analysts have rated the stock as a hold, thirteen as a buy, and two as a strong buy. According to MarketBeat.com data, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” with a price target of $1,242.13.
In terms of performance, ORLY stock traded up to $1,238.76 on Monday, with a market capitalization of $71.51 billion. It has a P/E ratio of 30.65, a PEG ratio of 2.49, and a beta of 0.92. The stock has been trading between $914.50 and $1,255.30 over the last twelve months, with a fifty-day moving average of $1,181.53 and a two-hundred-day moving average of $1,103.72.
O’Reilly Automotive’s latest quarterly earnings report showed an EPS of $11.41, slightly below analysts’ estimates. The company experienced a negative return on equity of 155.25% and a net margin of 14.52%. Despite missing estimates, O’Reilly Automotive reported revenue of $4.36 billion for the quarter.
Overall, it seems like there’s a lot of movement and attention around O’Reilly Automotive in the market, with investors and analysts closely watching its performance.
