Groupe la Francaise has made a significant investment in O’Reilly Automotive, Inc. (NASDAQ:ORLY), 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 retailer’s stock during the second quarter.
This investment comes as a part of a broader trend, with several large investors adjusting their stakes in O’Reilly Automotive. For instance, Elequin Capital LP entered a new stake worth $30,000 in the first quarter, while the Saudi Central Bank and Accredited Wealth Management LLC also initiated new investments, valued at approximately $33,000 and $42,000, respectively. Additionally, SouthState Corp acquired a stake valued at about $73,000, and Greenline Partners LLC increased its holdings by 18.2%, now owning 65 shares worth $93,000.
As of now, hedge funds and other institutional investors collectively own 85% of O’Reilly Automotive’s stock. This substantial institutional backing reflects growing confidence in the company’s performance.
O’Reilly Automotive’s stock opened at $99.84 on Wednesday, with a market capitalization of $84.28 billion. The company’s price-to-earnings (P/E) ratio stands at 34.59, and it has a one-year trading range between $78.30 and $108.71. The stock’s fifty-day moving average is $100.11, while the 200-day moving average is $97.93.
Recent Insider Activities
In addition to institutional investments, insider trading has also been notable. On November 26, Christopher Andrew Mancini, Senior Vice President, sold 2,355 shares at an average price of $101.31, totaling approximately $238,585. Following this transaction, Mancini’s ownership in the company decreased significantly to just 28 shares, valued at $2,836.68. This sale represents a 98.83% reduction in his position.
Similarly, John Raymond Murphy, a Director, sold 3,125 shares on November 4, realizing around $289,375. After the transaction, Murphy retained 8,125 shares, valued at about $752,375, marking a 27.78% reduction in his stake. Over the last ninety days, insiders have sold a total of 8,980 shares worth $882,335, with insiders currently holding 1.01% of the stock.
Analyst Ratings and Company Overview
A number of research firms have recently provided updates on O’Reilly Automotive. On September 18, Wolfe Research initiated coverage with an “outperform” rating and set a price target of $121.00. Mizuho followed with a target price of $112.00 on October 20. Weiss Ratings reaffirmed a “buy (b-)” rating, while Cowen maintained a “buy” rating in a report on September 15. Furthermore, the Royal Bank of Canada established a price target of $110.00 and rated the stock as “outperform” on October 24.
Currently, the consensus among analysts is positive, with nineteen analysts rating the stock as a Buy and two as Hold. The average rating is classified as “Moderate Buy,” with an average price target of $111.89, according to data from MarketBeat.
O’Reilly Automotive, Inc., along with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories across the United States, Puerto Rico, and Mexico. The company offers a wide range of products, including new and remanufactured automotive hard parts and maintenance items, as well as various accessories.
For further insights on hedge fund activities, O’Reilly Automotive’s 13F filings and insider trades can be tracked on financial platforms that specialize in institutional investment disclosures.
