Financial Counselors Inc. Reduces Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Financial Counselors Inc. lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,043 shares of the specialty retailer’s stock after selling 129 shares during the quarter. Financial Counselors Inc.’s holdings in O’Reilly Automotive were worth $1,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in O’Reilly Automotive in the 1st quarter valued at about $36,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $37,000. Indiana Trust & Investment Management CO lifted its position in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares during the period. Riverview Trust Co acquired a new position in O’Reilly Automotive during the first quarter worth about $41,000. Finally, Crewe Advisors LLC acquired a new position in O’Reilly Automotive in the 1st quarter valued at about $43,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ORLY shares. Truist Financial increased their price target on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company raised their price target on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Royal Bank of Canada cut their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Wedbush reiterated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Finally, Bank of America increased their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,144.06.

Insider Activity at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock valued at $56,846,062 over the last quarter. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,136.81 on Wednesday. The company’s 50 day simple moving average is $1,087.31 and its 200 day simple moving average is $1,067.16. The company has a market capitalization of $66.95 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. O’Reilly Automotive’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $10.22 earnings per share. Equities analysts expect that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

O’Reilly Automotive Company Profile

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, Puerto Rico, and Mexico. 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.