Dai ichi Life Insurance Company Ltd Sells 7,063 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Dai ichi Life Insurance Company Ltd decreased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 70.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,895 shares of the specialty retailer’s stock after selling 7,063 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in O’Reilly Automotive were worth $3,057,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in O’Reilly Automotive in the 4th quarter valued at about $671,384,000. Wellington Management Group LLP grew its position in shares of O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after purchasing an additional 397,108 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of O’Reilly Automotive by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after purchasing an additional 376,167 shares during the period. Bank of New York Mellon Corp lifted its holdings in O’Reilly Automotive by 15.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock worth $1,587,784,000 after purchasing an additional 183,296 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in O’Reilly Automotive by 4,574.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 129,145 shares of the specialty retailer’s stock worth $122,698,000 after purchasing an additional 126,382 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Up 0.5 %

Shares of NASDAQ ORLY opened at $1,125.48 on Monday. The company has a market cap of $66.28 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.11 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The stock has a 50-day moving average price of $1,101.72 and a two-hundred day moving average price of $1,070.90.

O’Reilly Automotive (NASDAQ:ORLY) last released 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 negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the prior year, the company earned $10.22 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ORLY shares. Bank of America increased their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company raised 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. Truist Financial boosted their price objective on shares of 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. DA Davidson raised their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Evercore ISI lifted their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,144.06.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the transaction, the chairman now owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the sale, the chairman now directly owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. 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 in the last 90 days. 1.55% of the stock is owned by corporate insiders.

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.