US Bancorp DE Decreases Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

by · The Cerbat Gem

US Bancorp DE lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,345 shares of the specialty retailer’s stock after selling 1,015 shares during the quarter. US Bancorp DE owned approximately 0.07% of O’Reilly Automotive worth $46,461,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ORLY. Congress Asset Management Co. increased its stake in O’Reilly Automotive by 7.9% during the 3rd quarter. Congress Asset Management Co. now owns 133,885 shares of the specialty retailer’s stock worth $154,182,000 after buying an additional 9,838 shares in the last quarter. Palumbo Wealth Management LLC boosted its stake in shares of O’Reilly Automotive by 3.1% in the third quarter. Palumbo Wealth Management LLC now owns 1,638 shares of the specialty retailer’s stock worth $1,886,000 after acquiring an additional 50 shares during the last quarter. Solidarity Wealth LLC increased its position in shares of O’Reilly Automotive by 23.0% during the third quarter. Solidarity Wealth LLC now owns 8,607 shares of the specialty retailer’s stock worth $9,911,000 after purchasing an additional 1,607 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in O’Reilly Automotive by 40.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,208 shares of the specialty retailer’s stock valued at $2,542,000 after purchasing an additional 641 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in O’Reilly Automotive by 0.3% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 53,672 shares of the specialty retailer’s stock valued at $64,394,000 after purchasing an additional 146 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Down 0.8 %

Shares of NASDAQ ORLY opened at $1,153.14 on Friday. The business’s 50 day moving average is $1,154.00 and its two-hundred day moving average is $1,084.44. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,221.18. The firm has a market cap of $66.89 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 2.36 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (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 firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the firm posted $10.72 EPS. O’Reilly Automotive’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that O’Reilly Automotive, Inc. will post 40.82 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,370 shares of company stock valued at $18,333,966. 1.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ORLY shares. Bank of America upped 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 report on Thursday, August 22nd. Truist Financial increased their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays boosted their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Finally, UBS Group dropped their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

Read Our Latest Report on O’Reilly Automotive

O’Reilly Automotive Company Profile

(Free Report)

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.

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