Groupe la Francaise has made a significant investment in O’Reilly Automotive, Inc. by acquiring a new position valued at approximately $8.37 million. According to the company’s recent 13F filing with the Securities and Exchange Commission, the institutional investor purchased 93,250 shares of the specialty automotive retailer during the second quarter.
Other institutional investors have also been active in adjusting their stakes in O’Reilly Automotive. Notably, Elequin Capital LP acquired a new stake valued at $30,000, while the Saudi Central Bank and Accredited Wealth Management LLC made new investments worth about $33,000 and $42,000, respectively. SouthState Corp also entered the fray with a stake valued at approximately $73,000. Furthermore, Greenline Partners LLC increased its holdings in the company by 18.2%, now owning 65 shares valued at about $93,000 after purchasing an additional 10 shares recently. Overall, institutional investors now hold around 85% of O’Reilly’s stock.
O’Reilly Automotive’s Market Performance
As of the latest trading session, shares of O’Reilly Automotive (NASDAQ: ORLY) opened at $99.84. The company boasts a market capitalization of $84.28 billion, with a price-to-earnings ratio of 34.59 and a PEG ratio of 2.48. Over the past year, O’Reilly’s stock has experienced a low of $78.30 and a high of $108.71. Currently, the fifty-day moving average stands at $100.11, while the 200-day moving average is $97.93.
In related news, insider activity has been notable. Senior Vice President Christopher Andrew Mancini sold 2,355 shares on November 26, 2023, at an average price of $101.31, amounting to a total of $238,585.05. Following this sale, Mancini holds only 28 shares valued at $2,836.68, marking a 98.83% decrease in his position. Additionally, Director John Raymond Murphy sold 3,125 shares on November 4, 2023, for $289,375.00, reducing his ownership by 27.78%.
Over the past three months, company insiders have sold a total of 8,980 shares valued at $882,335, while insiders currently own about 1.01% of O’Reilly’s stock.
Analysts’ Perspectives and Company Overview
Analysts have provided mixed reviews of O’Reilly Automotive in recent weeks. Wolfe Research initiated coverage on the stock on September 18, 2023, assigning an “outperform” rating with a price target of $121.00. Mizuho followed suit with a target price of $112.00 on October 20, 2023. Other firms, including Cowen and Royal Bank of Canada, reaffirmed “buy” ratings, with price objectives of $110.00 and $110.00 respectively. Currently, nineteen analysts have rated O’Reilly with a Buy rating, while two have given it a Hold rating. Based on data from MarketBeat, the stock enjoys an average rating of “Moderate Buy” and an average price target of $111.89.
O’Reilly Automotive, Inc., along with its subsidiaries, operates as a leading retailer and supplier of automotive aftermarket parts, tools, and accessories throughout the United States, Puerto Rico, and Mexico. The company provides a wide range of products, including new and remanufactured automotive hard parts and maintenance items, ensuring a comprehensive offering for automotive needs.
For those interested in tracking the latest movements of hedge funds in O’Reilly Automotive, detailed information on 13F filings and insider trades is available on various financial platforms.
