Prudential PLC Sells 58 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Prudential PLC lessened its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,466 shares of the specialty retailer’s stock after selling 58 shares during the period. Prudential PLC’s holdings in O’Reilly Automotive were worth $2,604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORLY. Rise Advisors LLC acquired a new stake in O’Reilly Automotive in the 1st quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $37,000. Indiana Trust & Investment Management CO lifted its position in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 26 shares in the last quarter. Riverview Trust Co acquired a new position in O’Reilly Automotive during the first quarter worth $41,000. Finally, Crewe Advisors LLC bought a new position in O’Reilly Automotive in the first quarter valued at $43,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ORLY. Wells Fargo & Company boosted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. UBS Group reduced their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Royal Bank of Canada lowered their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Evercore ISI increased their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Truist Financial raised their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,144.06.

O’Reilly Automotive Stock Performance

ORLY opened at $1,112.63 on Thursday. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The firm has a market cap of $65.53 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. The business’s fifty day moving average is $1,097.76 and its 200-day moving average is $1,070.34.

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

Insider Transactions at O’Reilly Automotive

In other news, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the transaction, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on 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. Over the last 90 days, insiders sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by insiders.

About O’Reilly Automotive

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.