Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 60,407 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the second quarter, HoldingsChannel.com reports. The firm purchased 60,407 shares of the specialty retailer’s stock, valued at approximately $63,793,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in O’Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after buying an additional 75,837 shares in the last quarter. Principal Financial Group Inc. boosted its position in O’Reilly Automotive by 3.2% in the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after buying an additional 57,194 shares in the last quarter. Bank of New York Mellon Corp boosted its position in O’Reilly Automotive by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after buying an additional 19,211 shares in the last quarter. JPMorgan Chase & Co. boosted its position in O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after buying an additional 376,167 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in O’Reilly Automotive by 5.2% in the second quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock valued at $524,629,000 after buying an additional 24,767 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the 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 document filed with the SEC, which is available through the SEC website. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the sale, the chairman now owns 13,347 shares in the company, valued at $15,049,409.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,411 shares of company stock worth $56,846,062. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Performance

ORLY opened at $1,154.92 on Thursday. The firm’s fifty day moving average is $1,127.43 and its two-hundred day moving average is $1,075.19. The firm has a market cap of $67.00 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share 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 negative return on equity of 146.57% and a net margin of 14.57%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $10.22 earnings per share. Equities analysts forecast that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. DA Davidson increased their price target 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. Wells Fargo & Company increased their price target on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Evercore ISI increased their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Truist Financial increased their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, UBS Group decreased their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,144.06.

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.