O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 19.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,890 shares of the specialty retailer’s stock after selling 4,858 shares during the quarter. Truist Financial Corp’s holdings in O’Reilly Automotive were worth $23,586,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ORLY. AlphaMark Advisors LLC acquired a new position in shares of O’Reilly Automotive during the 4th quarter valued at $30,000. Darwin Wealth Management LLC acquired a new position in shares of O’Reilly Automotive during the 3rd quarter valued at $32,000. MidAtlantic Capital Management Inc. acquired a new position in shares of O’Reilly Automotive during the 3rd quarter valued at $37,000. Princeton Global Asset Management LLC acquired a new position in shares of O’Reilly Automotive during the 3rd quarter valued at $41,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of O’Reilly Automotive in the 4th quarter worth $46,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the sale, the senior vice president now owns 275 shares of the company’s stock, valued at $364,375. The trade was a 64.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares of the company’s stock, valued at $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,968 shares of company stock valued at $2,492,394 over the last three months. 1.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Guggenheim raised their target price on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Royal Bank of Canada lifted their target price on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price target on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Finally, BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,295.80 on Thursday. The stock has a 50-day simple moving average of $1,252.18 and a 200-day simple moving average of $1,199.59. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,350.27. The firm has a market cap of $74.81 billion, a price-to-earnings ratio of 31.87, a P/E/G ratio of 2.35 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, equities research analysts predict that O’Reilly Automotive, Inc. will post 44.01 earnings per share 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.