O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC lowered its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 40.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189 shares of the specialty retailer’s stock after selling 127 shares during the period. NorthRock Partners LLC’s holdings in O’Reilly Automotive were worth $218,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position in O’Reilly Automotive by 99,957.0% in the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after purchasing an additional 853,633 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after acquiring an additional 376,167 shares in the last quarter. CCLA Investment Management purchased a new position in O’Reilly Automotive in the first quarter worth approximately $95,481,000. Marshall Wace LLP grew its holdings in O’Reilly Automotive by 809.8% during the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock worth $96,078,000 after acquiring an additional 80,978 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in O’Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock worth $5,739,462,000 after acquiring an additional 75,837 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ORLY. Bank of America lifted their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Royal Bank of Canada upped their price objective on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley raised their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Evercore ISI upped their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Truist Financial raised their price objective 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. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the transaction, the chairman now owns 183,583 shares in the company, valued at approximately $205,407,347.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction on 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman David E. Oreilly sold 1,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the transaction, the chairman now directly owns 183,583 shares in the company, valued at approximately $205,407,347.04. This trade 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 16,322 shares of company stock worth $18,280,698 over the last 90 days. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,234.15 on Thursday. The business has a 50 day simple moving average of $1,157.95 and a 200-day simple moving average of $1,086.81. O’Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,239.65. The stock has a market capitalization of $71.59 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 2.35 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data 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 analysts’ expectations of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.72 EPS. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 40.82 EPS for the current 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.