First Trust Direct Indexing L.P. Grows Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

First Trust Direct Indexing L.P. increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 40.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,208 shares of the specialty retailer’s stock after purchasing an additional 641 shares during the period. First Trust Direct Indexing L.P.’s holdings in O’Reilly Automotive were worth $2,542,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC boosted its position in shares of O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after purchasing an additional 9 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its stake in shares of O’Reilly Automotive by 2.6% in the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after acquiring an additional 10 shares during the last quarter. Marcum Wealth LLC raised its position in shares of O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after purchasing an additional 10 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in O’Reilly Automotive by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 10 shares in the last quarter. Finally, KCM Investment Advisors LLC grew its position in O’Reilly Automotive by 0.6% during the 1st quarter. KCM Investment Advisors LLC now owns 1,838 shares of the specialty retailer’s stock valued at $2,075,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ORLY. Truist Financial lifted their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and issued a $1,337.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. TD Cowen increased their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Activity at O’Reilly Automotive

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 stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the transaction, the director now owns 141,589 shares of the company’s stock, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,370 shares of company stock worth $18,333,966. 1.18% of the stock is owned by corporate insiders.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,162.21 on Thursday. The stock has a 50-day simple moving average of $1,153.49 and a two-hundred day simple moving average of $1,083.96. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,221.18. The firm has a market capitalization of $67.42 billion, a PE ratio of 28.75, a P/E/G ratio of 2.42 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. O’Reilly Automotive’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.72 EPS. Equities analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share 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.