Groupe la Francaise has made a significant investment in O’Reilly Automotive, Inc. by purchasing 93,250 shares valued at approximately $8.37 million. This acquisition was disclosed in the company’s latest 13F filing with the Securities and Exchange Commission (SEC), highlighting a strategic move by the institutional investor during the second quarter of the fiscal year.
Several other institutional investors have also adjusted their stakes in O’Reilly Automotive. For example, Elequin Capital LP acquired a new stake valued at around $30,000 during the first quarter. Similarly, the Saudi Central Bank invested approximately $33,000, while Accredited Wealth Management LLC added a stake worth $42,000. SouthState Corp increased its investment with a new stake valued at about $73,000. Notably, Greenline Partners LLC raised its holdings by 18.2%, now owning 65 shares worth $93,000 after purchasing an additional ten shares.
Hedge funds and institutional investors collectively own 85% of O’Reilly Automotive’s stock, indicating strong market confidence in the company. Shares of O’Reilly Automotive 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 a price/earnings to growth (PEG) ratio of 2.48. Over the past year, the stock has fluctuated between a low of $78.30 and a high of $108.71.
In related news, insider trading activity has been notable at O’Reilly Automotive. Senior Vice President Christopher Andrew Mancini sold 2,355 shares on November 26, at an average price of $101.31, totaling $238,585.05. Following this transaction, Mancini’s ownership decreased significantly, leaving him with just 28 shares, valued at $2,836.68. Director John Raymond Murphy also sold 3,125 shares on November 4, bringing in $289,375.00 at an average price of $92.60. This sale decreased his stake to 8,125 shares, valued at $752,375.
Over the past ninety days, insiders have sold a total of 8,980 shares worth $882,335. Currently, company insiders hold 1.01% of the stock.
Research analysts have been active in assessing O’Reilly Automotive’s market position. Wolfe Research recently initiated coverage with an “outperform” rating and a price target of $121.00. Mizuho set a target price of $112.00 on October 20, while Weiss Ratings reaffirmed a “buy (B-)” rating on October 31. Cowen maintained a “buy” rating on September 15, and Royal Bank of Canada set a price objective of $110.00, also designating the stock as “outperform” on October 24.
Nineteen analysts currently rate O’Reilly Automotive as a Buy, while two analysts have assigned a Hold rating. According to MarketBeat, the stock has an average target price of $111.89.
O’Reilly Automotive, Inc. 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 broad range of products, including both new and remanufactured automotive hard parts, maintenance items, and various accessories.
For further details on hedge fund activities related to O’Reilly Automotive, visit HoldingsChannel.com for the latest 13F filings and insider transactions.
