Janus Henderson Group PLC Lowers Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Janus Henderson Group PLC cut its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 21.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 238,838 shares of the specialty retailer’s stock after selling 65,126 shares during the quarter. Janus Henderson Group PLC’s holdings in O’Reilly Automotive were worth $275,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Advisors LLC boosted its position in shares of O’Reilly Automotive by 10.7% in the first quarter. Cetera Advisors LLC now owns 1,953 shares of the specialty retailer’s stock worth $2,205,000 after acquiring an additional 189 shares during the last quarter. NBC Securities Inc. boosted its position in shares of O’Reilly Automotive by 23.3% in the second quarter. NBC Securities Inc. now owns 1,486 shares of the specialty retailer’s stock worth $1,569,000 after acquiring an additional 281 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of O’Reilly Automotive by 19.8% in the second quarter. Valeo Financial Advisors LLC now owns 1,224 shares of the specialty retailer’s stock worth $1,293,000 after acquiring an additional 202 shares during the last quarter. Threadgill Financial LLC boosted its position in shares of O’Reilly Automotive by 75.6% in the second quarter. Threadgill Financial LLC now owns 532 shares of the specialty retailer’s stock worth $562,000 after acquiring an additional 229 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its position in shares of O’Reilly Automotive by 10.5% in the second quarter. Wesbanco Bank Inc. now owns 6,598 shares of the specialty retailer’s stock worth $6,968,000 after acquiring an additional 625 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Trading Up 0.1 %

Shares of NASDAQ:ORLY opened at $1,247.99 on Wednesday. The company has a fifty day simple moving average of $1,196.23 and a 200 day simple moving average of $1,113.60. The firm has a market cap of $72.05 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 2.53 and a beta of 0.93. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.40.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $10.72 EPS. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ORLY shares. Barclays raised their target price on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Bank of America raised their target price 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. Morgan Stanley lifted their price target on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Roth Mkm reaffirmed 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. Finally, Truist Financial lifted their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Four equities research 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,248.06.

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.