Nordea Investment Management AB Has $37.06 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)


Nordea Investment Management AB trimmed its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,476 shares of the specialty retailer’s stock after selling 1,027 shares during the period. Nordea Investment Management AB’s holdings in O’Reilly Automotive were worth $37,056,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ORLY. Dark Forest Capital Management LP bought a new stake in O’Reilly Automotive in the third quarter valued at $90,000. LPL Financial LLC grew its position in O’Reilly Automotive by 3.9% in the third quarter. LPL Financial LLC now owns 14,242 shares of the specialty retailer’s stock valued at $8,703,000 after acquiring an additional 539 shares during the period. Wellington Management Group LLP grew its position in O’Reilly Automotive by 5.2% in the third quarter. Wellington Management Group LLP now owns 11,690 shares of the specialty retailer’s stock valued at $7,143,000 after acquiring an additional 580 shares during the period. Atria Investments LLC grew its holdings in shares of O’Reilly Automotive by 12.2% during the third quarter. Atria Investments LLC now owns 3,097 shares of the specialty retailer’s stock worth $1,892,000 after purchasing an additional 336 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its holdings in shares of O’Reilly Automotive by 0.4% during the third quarter. Cetera Advisor Networks LLC now owns 6,419 shares of the specialty retailer’s stock worth $3,922,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.

NASDAQ:ORLY opened at $608.82 on Thursday. O’Reilly Automotive, Inc. has a 1-year low of $546.16 and a 1-year high of $748.68. The business’s 50-day moving average price is $635.52 and its two-hundred day moving average price is $662.37. The firm has a market capitalization of $40.01 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.42 and a beta of 1.04.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last released its earnings results on Wednesday, April 27th. The specialty retailer reported $7.17 earnings per share for the quarter, missing the consensus estimate of $7.43 by ($0.26). O’Reilly Automotive had a net margin of 15.85% and a negative return on equity of 2,699.29%. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the company posted $7.06 EPS. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 32.62 EPS for the current year.

Several brokerages have recently commented on ORLY. Wells Fargo & Company decreased their target price on O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating on the stock in a report on Wednesday, June 8th. StockNews.com began coverage on O’Reilly Automotive in a report on Thursday, March 31st. They set a “buy” rating on the stock. Truist Financial decreased their target price on O’Reilly Automotive from $837.00 to $788.00 in a report on Friday, April 29th. Citigroup decreased their target price on O’Reilly Automotive from $720.00 to $662.00 in a report on Friday, May 13th. Finally, Bank of America upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 target price on the stock in a report on Tuesday, May 10th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $719.58.

In other O’Reilly Automotive news, SVP Jeffrey Lynn Groves purchased 175 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were bought at an average price of $572.77 per share, with a total value of $100,234.75. Following the completion of the transaction, the senior vice president now directly owns 721 shares in the company, valued at approximately $412,967.17. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Richard Darin Venosdel sold 4,754 shares of the firm’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $725.00, for a total value of $3,446,650.00. Following the sale, the senior vice president now directly owns 4,200 shares in the company, valued at approximately $3,045,000. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.

O’Reilly Automotive Company Profile (Get Rating)

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. 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.

Further Reading

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)



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