Absoluto Partners Gestao de Recursos Ltda Trims Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Absoluto Partners Gestao de Recursos Ltda reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 16.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74 shares of the specialty retailer’s stock after selling 15 shares during the quarter. O’Reilly Automotive makes up approximately 0.1% of Absoluto Partners Gestao de Recursos Ltda’s investment portfolio, making the stock its 23rd biggest position. Absoluto Partners Gestao de Recursos Ltda’s holdings in O’Reilly Automotive were worth $83,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NBW Capital LLC boosted its position in shares of O’Reilly Automotive by 2.5% in the second quarter. NBW Capital LLC now owns 3,987 shares of the specialty retailer’s stock worth $4,211,000 after purchasing an additional 98 shares during the period. Unisphere Establishment boosted its holdings in O’Reilly Automotive by 32.3% in the 2nd quarter. Unisphere Establishment now owns 8,200 shares of the specialty retailer’s stock worth $8,660,000 after buying an additional 2,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in O’Reilly Automotive by 59.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,307 shares of the specialty retailer’s stock worth $11,941,000 after buying an additional 4,221 shares during the period. Marshall Wace LLP increased its stake in O’Reilly Automotive by 809.8% in the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock worth $96,078,000 after buying an additional 80,978 shares in the last quarter. Finally, Resources Management Corp CT ADV raised its holdings in O’Reilly Automotive by 3.5% during the second quarter. Resources Management Corp CT ADV now owns 6,248 shares of the specialty retailer’s stock valued at $6,598,000 after acquiring an additional 209 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the firm’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 sale, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction that occurred 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 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, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,411 shares of company stock worth $56,846,062. Insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI upped their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Truist Financial upped their price target on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wedbush reiterated a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. UBS Group lowered their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, DA Davidson raised their target price 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. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,144.06.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,129.22 on Wednesday. The stock has a market cap of $65.51 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. The stock has a 50 day moving average price of $1,114.52 and a 200-day moving average price of $1,072.87. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted 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 firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the previous year, the firm earned $10.22 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

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.