National Bank of Canada FI Lowers Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

National Bank of Canada FI cut its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 39.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,563 shares of the specialty retailer’s stock after selling 31,316 shares during the period. National Bank of Canada FI owned 0.08% of O’Reilly Automotive worth $53,693,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Etesian Wealth Advisors Inc. purchased a new stake in O’Reilly Automotive during the 4th quarter worth $205,000. Advisor Resource Council purchased a new stake in O’Reilly Automotive during the 4th quarter worth $237,000. HB Wealth Management LLC boosted its position in O’Reilly Automotive by 7.0% during the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock worth $1,660,000 after purchasing an additional 114 shares during the period. First Financial Corp IN boosted its position in O’Reilly Automotive by 38.6% during the 4th quarter. First Financial Corp IN now owns 61 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 17 shares during the period. Finally, Raymond James & Associates boosted its position in O’Reilly Automotive by 0.4% during the 4th quarter. Raymond James & Associates now owns 101,574 shares of the specialty retailer’s stock worth $96,503,000 after purchasing an additional 403 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ:ORLY traded up $1.70 during midday trading on Wednesday, reaching $1,050.71. The stock had a trading volume of 558,372 shares, compared to its average volume of 394,183. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11. The firm’s fifty day simple moving average is $1,017.66 and its 200-day simple moving average is $1,044.53. The stock has a market capitalization of $61.88 billion, a P/E ratio of 26.67, a PEG ratio of 1.95 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted 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 $11.10 by ($0.55). O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the business posted $10.22 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 41.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ORLY shares. Evercore ISI cut their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating on the stock in a report on Tuesday, July 16th. Truist Financial cut their price objective on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Wells Fargo & Company cut their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, UBS Group dropped their price objective 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 note on Thursday, July 18th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,113.36.

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.