OLD National Bancorp IN Lowers Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

OLD National Bancorp IN trimmed its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 39.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 208 shares of the specialty retailer’s stock after selling 138 shares during the period. OLD National Bancorp IN’s holdings in O’Reilly Automotive were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Nordea Investment Management AB lifted its position 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 valued at $68,327,000 after acquiring an additional 2,214 shares in the last quarter. Bank Pictet & Cie Asia Ltd. purchased a new position in shares of O’Reilly Automotive in the second quarter valued at about $800,000. Handelsbanken Fonder AB lifted its position in shares of O’Reilly Automotive by 2.5% in the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after acquiring an additional 727 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of O’Reilly Automotive by 5.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock valued at $16,723,000 after acquiring an additional 701 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of O’Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock valued at $15,458,000 after acquiring an additional 6,954 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

ORLY opened at $1,199.25 on Thursday. The stock has a market cap of $70.63 billion, a price-to-earnings ratio of 30.44, a P/E/G ratio of 2.30 and a beta of 0.92. The stock’s 50 day moving average price is $1,147.32 and its 200-day moving average price is $1,080.64. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results 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 business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $10.22 EPS. As a group, analysts predict that O’Reilly Automotive, Inc. will post 41.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the topic of several research analyst reports. Wedbush restated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Bank of America boosted their target price 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. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Finally, Truist Financial boosted their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,206.87.

Insider Activity

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 transaction of $17,455,962.24. Following the transaction, the director now owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Gregory D. Johnson sold 15,364 shares of the 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 transaction, the director now owns 5,016 shares of the company’s stock, valued at $5,698,978.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the 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 value of $1,751,625.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by 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.