Covestor Ltd Sells 12 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Covestor Ltd cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 35.3% in the 3rd quarter, Holdings Channel reports. The firm owned 22 shares of the specialty retailer’s stock after selling 12 shares during the period. Covestor Ltd’s holdings in O’Reilly Automotive were worth $26,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Asset Dedication LLC lifted its stake in O’Reilly Automotive by 6.2% during the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after purchasing an additional 9 shares during the last quarter. Marks Group Wealth Management Inc lifted its stake in O’Reilly Automotive by 1.5% during the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock worth $697,000 after purchasing an additional 9 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its stake in O’Reilly Automotive by 2.6% during the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after purchasing an additional 10 shares during the last quarter. Marcum Wealth LLC increased its holdings in shares of O’Reilly Automotive by 5.1% during the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after buying an additional 10 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its holdings in shares of O’Reilly Automotive by 2.9% during the second quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after buying an additional 10 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays upped their price target on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley upped their price target on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Truist Financial upped their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Buying and Selling

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction dated 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 Securities & Exchange Commission, which is available through this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the completion of the sale, the director now owns 141,589 shares in the company, valued at $158,511,717.28. This represents a 8.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,322 shares of company stock valued at $18,280,698. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Trading Down 0.9 %

Shares of ORLY opened at $1,213.37 on Friday. The stock has a market capitalization of $70.05 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. The firm’s fifty day simple moving average is $1,168.95 and its two-hundred day simple moving average is $1,093.06. O’Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $10.72 EPS. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 40.85 EPS 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.