O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. recently increased its holdings in O’Reilly Automotive, Inc. (NASDAQ: ORLY) by 10.9% in the third quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The firm now owns 12,274 shares of the specialty retailer’s stock, up from its previous holding of 11,070 shares.
Other institutional investors have also made changes to their positions in ORLY. Asset Dedication LLC boosted its stake by 6.2% during the same quarter, while Marks Group Wealth Management Inc. and Venturi Wealth Management LLC increased their positions by 1.5% and 8.5%, respectively. Metis Global Partners LLC and Industrial Alliance Investment Management Inc. also saw slight increases in their holdings.
On the insider front, Senior Vice President Christopher Andrew Mancini sold 1,557 shares of ORLY stock back in August. The shares were sold at an average price of $1,125.00, amounting to a total transaction value of $1,751,625.00. Company insiders now own approximately 1.55% of the stock.
Analysts have been positive about ORLY, with several firms raising their target prices and ratings on the stock. Barclays upgraded their target price to $1,088.00, while TD Cowen set theirs at $1,375.00. Wedbush and Roth Mkm both maintained their ratings, and Wells Fargo & Company upgraded the stock to an “overweight” rating with a price target of $1,325.00.
As of Monday, ORLY stock was trading at $1,238.76. The company has a market capitalization of $71.51 billion, a price-to-earnings ratio of 30.65, and a beta of 0.92. Its fifty-day moving average is $1,181.53, with a twelve-month low of $914.50 and a high of $1,255.30.
In its latest earnings report on October 23rd, O’Reilly Automotive posted an EPS of $11.41, just below analysts’ estimates of $11.53. The company reported a net margin of 14.52% and revenue of $4.36 billion for the quarter, slightly below expectations. Analysts have given ORLY a consensus rating of “Moderate Buy” with a price target averaging $1,242.13. Keep an eye on O’Reilly Automotive for potential growth and value in the coming months.
