Jones Financial Companies Lllp Buys 34,087 Shares of O’Reilly Automotive, Inc. $ORLY

Jones Financial Companies Lllp increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 12.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 314,416 shares of the specialty retailer’s stock after purchasing an additional 34,087 shares during the period. Jones Financial Companies Lllp’s holdings in O’Reilly Automotive were worth $33,372,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ORLY. Sivia Capital Partners LLC boosted its stake in O’Reilly Automotive by 1,190.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,536 shares of the specialty retailer’s stock worth $319,000 after acquiring an additional 3,262 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of O’Reilly Automotive during the second quarter worth $205,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of O’Reilly Automotive by 1,326.4% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,894 shares of the specialty retailer’s stock valued at $351,000 after buying an additional 3,621 shares during the period. Ameritas Advisory Services LLC increased its position in shares of O’Reilly Automotive by 1,898.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 3,117 shares of the specialty retailer’s stock valued at $281,000 after buying an additional 2,961 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in O’Reilly Automotive by 2,194.0% during the 2nd quarter. QRG Capital Management Inc. now owns 76,254 shares of the specialty retailer’s stock worth $6,873,000 after buying an additional 72,930 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ORLY. Raymond James Financial upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a report on Wednesday, November 5th. UBS Group reissued a “buy” rating and set a $120.00 target price (up from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $111.00 price target (up previously from $110.00) on shares of O’Reilly Automotive in a research note on Friday. The Goldman Sachs Group set a $121.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Robert W. Baird raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $111.85.

Insider Transactions at O’Reilly Automotive

In other news, SVP Philip M. Hopper sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the completion of the transaction, the senior vice president owned 4,792 shares in the company, valued at $485,190. This trade represents a 42.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total value of $238,585.05. Following the sale, the senior vice president owned 28 shares in the company, valued at $2,836.68. The trade was a 98.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Down 0.4%

NASDAQ ORLY opened at $98.01 on Tuesday. The firm’s 50 day moving average is $95.47 and its 200-day moving average is $99.16. The company has a market capitalization of $82.73 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 2.09 and a beta of 0.62. O’Reilly Automotive, Inc. has a 12-month low of $85.55 and a 12-month high of $108.71.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.