AlTi Global Inc. Has $3.48 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

AlTi Global Inc. decreased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,299 shares of the specialty retailer’s stock after selling 123 shares during the period. AlTi Global Inc.’s holdings in O’Reilly Automotive were worth $3,484,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC acquired a new stake in O’Reilly Automotive during the first quarter worth $36,000. Indiana Trust & Investment Management CO boosted its stake in O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares in the last quarter. Riverview Trust Co acquired a new stake in O’Reilly Automotive during the first quarter worth $41,000. Crewe Advisors LLC acquired a new stake in O’Reilly Automotive during the first quarter worth $43,000. Finally, Kings Path Partners LLC acquired a new stake in O’Reilly Automotive during the second quarter worth $44,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Chairman David E. Oreilly sold 1,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the transaction, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the transaction, the chairman now owns 13,347 shares in the company, valued at $15,049,409.85. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock worth $56,846,062 over the last ninety days. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Trading Up 0.8 %

Shares of ORLY stock opened at $1,129.22 on Wednesday. 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 is $1,114.52 and its 200-day moving average is $1,072.87. The firm has a market capitalization of $65.51 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.13 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the company posted $10.22 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts forecast that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ORLY shares. Evercore ISI lifted their price target on shares of 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 lifted their price target on shares of 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 restated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, July 25th. UBS Group reduced their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, Wells Fargo & Company boosted their price target on shares of 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. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,144.06.

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.