O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 580,874 shares of the specialty retailer’s stock after selling 13,667 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.99% of O’Reilly Automotive worth $655,738,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Schechter Investment Advisors LLC raised its stake in O’Reilly Automotive by 4.3% in the 4th quarter. Schechter Investment Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $617,000 after acquiring an additional 27 shares during the last quarter. Inscription Capital LLC purchased a new position in shares of O’Reilly Automotive during the 4th quarter valued at about $224,000. Blue Trust Inc. raised its stake in shares of O’Reilly Automotive by 16.7% during the 4th quarter. Blue Trust Inc. now owns 279 shares of the specialty retailer’s stock valued at $253,000 after buying an additional 40 shares during the last quarter. Teamwork Financial Advisors LLC raised its stake in shares of O’Reilly Automotive by 5.9% during the 4th quarter. Teamwork Financial Advisors LLC now owns 451 shares of the specialty retailer’s stock valued at $428,000 after buying an additional 25 shares during the last quarter. Finally, PFG Advisors raised its stake in shares of O’Reilly Automotive by 2.4% during the 4th quarter. PFG Advisors now owns 1,145 shares of the specialty retailer’s stock valued at $1,088,000 after buying an additional 27 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday. DA Davidson lifted their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial lifted their price objective on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday. Finally, UBS Group lowered their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,130.67.

O’Reilly Automotive Price Performance

Shares of ORLY stock traded up $6.85 during trading on Monday, hitting $1,117.16. 59,649 shares of the stock traded hands, compared to its average volume of 396,327. The firm has a market capitalization of $65.79 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92. The firm’s fifty day moving average price is $1,021.36 and its 200-day moving average price is $1,047.74. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.22 EPS. As a group, equities research analysts expect that O’Reilly Automotive, Inc. will post 41.07 earnings per share for the current year.

Insider Activity

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

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.