Factory Mutual Insurance Co. Takes Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Factory Mutual Insurance Co. acquired a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the first quarter, HoldingsChannel reports. The fund acquired 5,000 shares of the specialty retailer’s stock, valued at approximately $5,644,000.

Several other institutional investors also recently bought and sold shares of ORLY. Riverview Trust Co purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $41,000. Annex Advisory Services LLC boosted its stake in O’Reilly Automotive by 16.4% in the first quarter. Annex Advisory Services LLC now owns 12,218 shares of the specialty retailer’s stock valued at $13,793,000 after acquiring an additional 1,724 shares in the last quarter. Strong Tower Advisory Services grew its holdings in O’Reilly Automotive by 5.6% in the first quarter. Strong Tower Advisory Services now owns 450 shares of the specialty retailer’s stock worth $509,000 after purchasing an additional 24 shares during the last quarter. Global Assets Advisory LLC acquired a new position in shares of O’Reilly Automotive during the first quarter worth $108,456,000. Finally, Range Financial Group LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter valued at $222,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ORLY shares. Evercore ISI boosted their target price on O’Reilly Automotive from $1,265.00 to $1,275.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Mizuho initiated coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Finally, Truist Financial cut their price target on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,123.64.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,057.79 on Wednesday. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The firm has a market capitalization of $62.29 billion, a P/E ratio of 26.85, a PEG ratio of 1.99 and a beta of 0.89. The stock has a 50-day simple moving average of $1,019.46 and a two-hundred day simple moving average of $1,032.55.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the business earned $8.28 earnings per share. O’Reilly Automotive’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, analysts forecast that O’Reilly Automotive, Inc. will post 41.93 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.