O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stock Holdings Lowered by LPL Financial LLC

LPL Financial LLC trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 23.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,697 shares of the specialty retailer’s stock after selling 8,931 shares during the period. LPL Financial LLC’s holdings in O’Reilly Automotive were worth $31,362,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its holdings in shares of O’Reilly Automotive by 3.8% in the first quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock worth $68,327,000 after buying an additional 2,214 shares during the period. Bank Pictet & Cie Asia Ltd. purchased a new position in O’Reilly Automotive during the 2nd quarter worth approximately $800,000. O Shaughnessy Asset Management LLC raised its stake in O’Reilly Automotive by 5.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock valued at $16,723,000 after purchasing an additional 701 shares during the period. Perpetual Ltd lifted its holdings in shares of O’Reilly Automotive by 322.6% in the first quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock valued at $1,289,000 after purchasing an additional 871 shares in the last quarter. Finally, Wellington Management Group LLP boosted 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 worth $434,780,000 after buying an additional 397,108 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Trading Up 0.5 %

Shares of O’Reilly Automotive stock opened at $1,130.72 on Tuesday. The stock has a market capitalization of $65.59 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 2.13 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. The firm’s 50-day moving average price is $1,103.88 and its two-hundred day moving average price is $1,071.20.

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

Analyst Ratings Changes

ORLY has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Bank of America increased their price target on shares of 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. Evercore ISI boosted their price objective 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. 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 report on Friday, July 26th. Finally, Truist Financial boosted their price target 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. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $1,144.06.

Insider Activity

In other news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at $296,800. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock valued at $56,846,062 over the last 90 days. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive 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.