Connor Clark & Lunn Investment Management Ltd. Buys 3,866 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in O'Reilly Automotive by 52.4%, acquiring an additional 3,866 shares during the first quarter, bringing their total holdings to 11,242 shares valued at approximately $16.1 million.
• Multiple analysts have raised their price targets for O'Reilly Automotive, with UBS Group increasing it from $105.00 to $115.00, while others also issued buy ratings, suggesting a strong positive outlook for the company.
• Insider activity revealed that Director John Raymond Murphy sold 3,000 shares at an average price of $91.93, reducing his ownership by 39.68%, indicating potential shifts in confidence or strategy within the company's management.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 52.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,242 shares of the specialty retailer's stock after purchasing an additional 3,866 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in O'Reilly Automotive were worth $16,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new stake in shares of O'Reilly Automotive during the 1st quarter valued at approximately $25,000. HWG Holdings LP bought a new stake in shares of O'Reilly Automotive during the 1st quarter valued at approximately $26,000. HighMark Wealth Management LLC grew its holdings in shares of O'Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares during the last quarter. Investment Management Corp VA ADV bought a new stake in shares of O'Reilly Automotive during the 4th quarter valued at approximately $37,000. Finally, Piscataqua Savings Bank bought a new stake in shares of O'Reilly Automotive during the 1st quarter valued at approximately $43,000. 85.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Guggenheim lifted their target price on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Citigroup lifted their target price on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Truist Financial lifted their target price on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, DA Davidson lifted their target price on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $102.22.

Insider Activity

In other news, Director John Raymond Murphy sold 3,000 shares of O'Reilly Automotive stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the completion of the transaction, the director directly owned 4,560 shares in the company, valued at $419,216. This trade represents a 39.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president owned 12,826 shares of the company's stock, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,840 shares of company stock valued at $6,629,176. 1.01% of the stock is currently owned by insiders.

O'Reilly Automotive Stock Down 0.1%

ORLY opened at $103.33 on Monday. O'Reilly Automotive, Inc. has a twelve month low of $73.11 and a twelve month high of $104.86. The company has a fifty day moving average of $93.20 and a 200-day moving average of $91.25. The stock has a market cap of $88.33 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.73 and a beta of 0.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the prior year, the company posted $10.55 earnings per share. O'Reilly Automotive's revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

O'Reilly Automotive 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.

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