16,524 O'Reilly Automotive, Inc. $ORLY Shares Bought by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its O’Reilly Automotive stake by 24.2%, buying 16,524 shares to reach 84,912 shares valued at about $7.28 million. Institutional investors and hedge funds own 85% of the stock.
• O’Reilly beat quarterly expectations, reporting EPS of $0.97 versus $0.93 forecast and revenue of $5.12 billion versus $5.02 billion expected; revenue grew 8.8% year over year.
• Company insiders sold 153,655 shares worth approximately $14.1 million over the past 90 days. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $108.

Candriam S.C.A. lifted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 24.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,912 shares of the specialty retailer's stock after acquiring an additional 16,524 shares during the period. Candriam S.C.A.'s holdings in O'Reilly Automotive were worth $7,279,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in O'Reilly Automotive in the 2nd quarter worth $5,950,042,000. Bank of New York Mellon Corp bought a new position in O'Reilly Automotive during the 2nd quarter worth about $1,023,936,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in O'Reilly Automotive by 1.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,329,667 shares of the specialty retailer's stock worth $859,169,000 after purchasing an additional 141,915 shares in the last quarter. Amundi raised its stake in shares of O'Reilly Automotive by 19.7% in the 1st quarter. Amundi now owns 8,497,984 shares of the specialty retailer's stock valued at $784,449,000 after purchasing an additional 1,397,671 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of O'Reilly Automotive in the 2nd quarter valued at about $721,747,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other O'Reilly Automotive news, Chairman Gregory L. Henslee sold 138,705 shares of the firm's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $91.75, for a total value of $12,726,183.75. Following the completion of the transaction, the chairman directly owned 241,950 shares in the company, valued at $22,198,912.50. This trade represents a 36.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher Mancini sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total value of $279,000.00. Following the transaction, the senior vice president directly owned 189 shares in the company, valued at $17,577. This trade represents a 94.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 153,655 shares of company stock valued at $14,085,983. Corporate insiders own 0.77% of the company's stock.

O'Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $89.79 on Tuesday. The company's 50-day moving average price is $87.36 and its two-hundred day moving average price is $90.39. O'Reilly Automotive, Inc. has a one year low of $82.59 and a one year high of $102.46. The stock has a market capitalization of $72.64 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 2.19 and a beta of 0.55.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The specialty retailer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. The company had revenue of $5.12 billion during the quarter, compared to analysts' expectations of $5.02 billion. O'Reilly Automotive had a negative return on equity of 188.24% and a net margin of 14.27%. O'Reilly Automotive's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. On average, analysts anticipate that O'Reilly Automotive, Inc. will post 3.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ORLY shares. BNP Paribas Exane cut their price target on O'Reilly Automotive from $116.00 to $115.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Citigroup reaffirmed a "buy" rating and set a $106.00 price objective (up from $104.00) on shares of O'Reilly Automotive in a research report on Monday, August 3rd. Wells Fargo & Company increased their price objective on O'Reilly Automotive from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, October 29th. Sanford C. Bernstein assumed coverage on O'Reilly Automotive in a research report on Tuesday, September 29th. They issued a "market perform" rating and a $94.00 target price on the stock. Finally, TD Cowen dropped their target price on O'Reilly Automotive from $117.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $108.00.

O'Reilly Automotive Profile

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops.

The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers.

Founded in 1957 by Charles F.

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