Kentucky Retirement Systems Has $4.69 Million Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Kentucky Retirement Systems reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.1% during the second quarter, Holdings Channel.com reports. The fund owned 4,438 shares of the specialty retailer’s stock after selling 48 shares during the period. Kentucky Retirement Systems’ holdings in O’Reilly Automotive were worth $4,687,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its position in shares of O’Reilly Automotive by 7.3% in the 4th quarter. Gilbert & Cook Inc. now owns 1,257 shares of the specialty retailer’s stock worth $1,194,000 after purchasing an additional 86 shares during the period. Brown Advisory Inc. lifted its holdings in O’Reilly Automotive by 4.6% in the fourth quarter. Brown Advisory Inc. now owns 1,538 shares of the specialty retailer’s stock valued at $1,461,000 after buying an additional 67 shares during the period. Clearbridge Investments LLC bought a new stake in O’Reilly Automotive during the fourth quarter valued at $498,000. D.A. Davidson & CO. boosted its position in O’Reilly Automotive by 11.3% during the fourth quarter. D.A. Davidson & CO. now owns 2,621 shares of the specialty retailer’s stock valued at $2,490,000 after acquiring an additional 266 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its holdings in O’Reilly Automotive by 5.3% during the 4th quarter. CreativeOne Wealth LLC now owns 397 shares of the specialty retailer’s stock worth $377,000 after acquiring an additional 20 shares during the period. 85.00% of the stock is currently owned by institutional investors.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction 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 transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the completion of the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now owns 265 shares in the company, valued at $296,800. The disclosure for this sale can be found here. In the last three months, insiders sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ORLY shares. Royal Bank of Canada dropped their price objective on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Truist Financial boosted their price target on 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. Wells Fargo & Company raised their price objective 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. DA Davidson lifted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Wedbush reissued a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus target price of $1,144.06.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,115.65 on Friday. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The company has a market cap of $64.72 billion, a PE ratio of 28.32, a PEG ratio of 2.13 and a beta of 0.92. The firm has a 50-day moving average of $1,109.88 and a 200-day moving average of $1,072.23.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.32 billion. During the same period last year, the company earned $10.22 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 41.13 earnings per share 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.