Deutsche Bank AG cut its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 2.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,653 shares of the specialty retailer's stock after selling 3,845 shares during the period. Deutsche Bank AG owned approximately 0.30% of O'Reilly Automotive worth $243,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in ORLY. Bank of Jackson Hole Trust purchased a new position in O'Reilly Automotive in the first quarter worth approximately $25,000. HWG Holdings LP purchased a new position in O'Reilly Automotive in the first quarter worth approximately $26,000. HighMark Wealth Management LLC grew its position in O'Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares during the period. Investment Management Corp VA ADV purchased a new position in O'Reilly Automotive in the fourth quarter worth approximately $37,000. Finally, Piscataqua Savings Bank purchased a new position in shares of O'Reilly Automotive during the first quarter worth $43,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Guggenheim raised their price target on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Truist Financial raised their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Royal Bank Of Canada lifted their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a report on Friday, July 25th. DA Davidson lifted their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Evercore ISI lifted their price objective on O'Reilly Automotive from $97.00 to $107.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $102.22.
Get Our Latest Stock Report on ORLY
O'Reilly Automotive Stock Down 0.1%
Shares of O'Reilly Automotive stock traded down $0.14 during trading on Friday, hitting $103.33. 3,676,893 shares of the company were exchanged, compared to its average volume of 4,894,297. O'Reilly Automotive, Inc. has a fifty-two week low of $73.11 and a fifty-two week high of $104.86. The stock has a market capitalization of $88.33 billion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 2.73 and a beta of 0.56. The firm has a 50 day moving average price of $93.20 and a 200 day moving average price of $91.20.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.55 EPS. Analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.
Insider Buying and Selling
In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the transaction, the senior vice president directly owned 4,234 shares in the company, valued at approximately $415,990.50. The trade was a 87.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Raymond Murphy sold 3,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $91.93, for a total value of $275,800.00. Following the sale, the director owned 4,560 shares of the company's stock, valued at approximately $419,216. The trade was a 39.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,840 shares of company stock worth $6,629,176 in the last three months. 1.01% of the stock is currently owned by insiders.
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.
Featured Articles
Before you consider O'Reilly Automotive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and O'Reilly Automotive wasn't on the list.
While O'Reilly Automotive currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
