Allspring Global Investments Holdings LLC Has $50.25 Million Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Allspring Global Investments Holdings LLC raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 19.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,637 shares of the specialty retailer’s stock after purchasing an additional 7,010 shares during the period. Allspring Global Investments Holdings LLC’s holdings in O’Reilly Automotive were worth $50,253,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Asset Dedication LLC raised its position in O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after buying an additional 9 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its holdings in shares of O’Reilly Automotive by 2.6% in the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after purchasing an additional 10 shares during the last quarter. Marcum Wealth LLC lifted its position in shares of O’Reilly Automotive by 5.1% in the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after purchasing an additional 10 shares in the last quarter. Ausdal Financial Partners Inc. boosted its holdings in 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 purchasing an additional 10 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in O’Reilly Automotive by 3.7% during the first quarter. Arkadios Wealth Advisors now owns 306 shares of the specialty retailer’s stock worth $345,000 after purchasing an additional 11 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ORLY has been the topic of several analyst reports. Royal Bank of Canada cut their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Roth Mkm reissued a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, UBS Group cut their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,206.87.

Insider Transactions at O’Reilly Automotive

In other news, Director Dana Perlman sold 48 shares of the 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 transaction of $53,268.48. Following the transaction, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. This trade 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 accessible through this link. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the business’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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $53,268.48. Following the transaction, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock worth $56,846,062 over the last quarter. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,205.38 on Wednesday. The company’s 50-day moving average is $1,145.92 and its 200-day moving average is $1,079.80. The firm has a market capitalization of $69.92 billion, a PE ratio of 30.34, a PEG ratio of 2.30 and a beta of 0.92. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly 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 company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $10.22 EPS. Analysts predict that O’Reilly Automotive, Inc. will post 41.06 earnings per share for the current fiscal year.

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.