Peoples Bank KS Reduces Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Peoples Bank KS lowered its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 42.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40 shares of the specialty retailer’s stock after selling 30 shares during the period. Peoples Bank KS’s holdings in O’Reilly Automotive were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive in the 3rd quarter worth $32,000. Trifecta Capital Advisors LLC lifted its position in O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in O’Reilly Automotive during the third quarter valued at about $37,000. Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive in the third quarter worth about $41,000. Finally, Quarry LP raised its stake in shares of O’Reilly Automotive by 109.1% in the second quarter. Quarry LP now owns 92 shares of the specialty retailer’s stock worth $97,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,199.72 on Wednesday. The stock has a market capitalization of $69.26 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,283.96. The business’s 50 day simple moving average is $1,219.70 and its 200-day simple moving average is $1,153.79.

O’Reilly Automotive (NASDAQ:ORLY) last released 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). 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 for the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the company earned $10.72 EPS. O’Reilly Automotive’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ORLY shares. Truist Financial boosted their price objective 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. BMO Capital Markets started coverage on shares of O’Reilly Automotive in a research report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price target for the company. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. TD Cowen upped their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI increased their price target on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,269.31.

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.