O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Bought by ING Groep NV

Key Points

• ING Groep NV increased its stake in O'Reilly Automotive by 203.8% in Q1, now holding 10,003 shares worth $14.33 million.
• Corporate insiders have sold a total of 67,840 shares of O'Reilly Automotive stock in the last 90 days, representing significant reductions in their holdings.
• The stock's price target has been raised by multiple brokerages, with BMO Capital Markets increasing it from $100.00 to $110.00, maintaining an "outperform" rating.

ING Groep NV raised its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 203.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,003 shares of the specialty retailer's stock after acquiring an additional 6,710 shares during the period. ING Groep NV's holdings in O'Reilly Automotive were worth $14,330,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in O'Reilly Automotive during the first quarter valued at $25,000. HWG Holdings LP purchased a new position in shares of O'Reilly Automotive during the 1st quarter valued at about $26,000. HighMark Wealth Management LLC lifted its position 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 buying an additional 13 shares in the last quarter. Investment Management Corp VA ADV bought a new position in shares of O'Reilly Automotive during the 4th quarter valued at approximately $37,000. Finally, Piscataqua Savings Bank purchased a new stake in O'Reilly Automotive in the 1st quarter worth approximately $43,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORLY. BMO Capital Markets increased their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. DA Davidson upped their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Barclays restated an "equal weight" rating and issued a $86.00 price target on shares of O'Reilly Automotive in a research note on Friday, July 25th. Guggenheim raised their target price on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Truist Financial increased their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, O'Reilly Automotive has a consensus rating of "Buy" and an average target price of $102.22.

Insider Buying and Selling

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the transaction, the senior vice president directly owned 4,234 shares in the company, valued at approximately $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ramon Parises Odems sold 30,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the transaction, the senior vice president directly owned 240 shares in the company, valued at approximately $21,767.20. The trade was a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,840 shares of company stock valued at $6,421,556. 1.01% of the stock is currently owned by insiders.

O'Reilly Automotive Stock Down 0.9%

NASDAQ:ORLY traded down $0.97 during midday trading on Thursday, hitting $103.47. The stock had a trading volume of 5,632,356 shares, compared to its average volume of 4,844,435. The stock has a 50-day moving average of $92.95 and a 200 day moving average of $91.00. The company has a market capitalization of $88.45 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 2.77 and a beta of 0.56. O'Reilly Automotive, Inc. has a one year low of $73.11 and a one year high of $104.86.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $10.55 earnings per share. On average, sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal 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.