Vestcor Inc Sells 48 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Vestcor Inc trimmed its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,423 shares of the specialty retailer’s stock after selling 48 shares during the quarter. Vestcor Inc’s holdings in O’Reilly Automotive were worth $3,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ORLY. Marshfield Associates grew its position in shares of O’Reilly Automotive by 0.4% in the 3rd quarter. Marshfield Associates now owns 304,133 shares of the specialty retailer’s stock worth $350,240,000 after buying an additional 1,247 shares during the last quarter. LRI Investments LLC grew its position in shares of O’Reilly Automotive by 4.6% in the 3rd quarter. LRI Investments LLC now owns 248 shares of the specialty retailer’s stock worth $304,000 after buying an additional 11 shares during the last quarter. SGL Investment Advisors Inc. bought a new stake in shares of O’Reilly Automotive in the 3rd quarter worth approximately $4,927,000. Groupama Asset Managment grew its position in shares of O’Reilly Automotive by 8.7% in the 3rd quarter. Groupama Asset Managment now owns 1,479 shares of the specialty retailer’s stock worth $1,703,000 after buying an additional 118 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of O’Reilly Automotive by 6.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer’s stock worth $32,138,000 after buying an additional 1,811 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, 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 sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

O’Reilly Automotive Stock Up 0.9 %

Shares of O’Reilly Automotive stock opened at $1,266.35 on Wednesday. The stock’s 50-day simple moving average is $1,204.04 and its 200-day simple moving average is $1,120.87. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,273.59. The company has a market capitalization of $73.11 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.55 and a beta of 0.93.

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 the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the firm earned $10.72 earnings per share. O’Reilly Automotive’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ORLY shares. TD Cowen lifted their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Morgan Stanley raised their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Truist Financial raised their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI raised their target price on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus target price of $1,248.06.

O’Reilly Automotive Company 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.