O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc has reduced its stake in O'Reilly Automotive by 2.0%, now holding approximately 164,291 shares valued at $235.36 million.
• Several brokerage firms have raised their price targets for O'Reilly Automotive, with Citigroup increasing its target from $104 to $114 and issuing a "buy" rating.
• O'Reilly Automotive reported earnings of $0.78 per share for the recent quarter, meeting expectations, while revenue increased by 5.9% year-over-year to $4.53 billion.

TD Asset Management Inc lowered its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 164,291 shares of the specialty retailer's stock after selling 3,369 shares during the quarter. TD Asset Management Inc owned approximately 0.29% of O'Reilly Automotive worth $235,360,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. HWG Holdings LP acquired a new position in O'Reilly Automotive during the first quarter worth approximately $26,000. HighMark Wealth Management LLC increased its position in O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 13 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in O'Reilly Automotive during the fourth quarter worth approximately $31,000. Investment Management Corp VA ADV acquired a new position in O'Reilly Automotive during the fourth quarter worth approximately $37,000. Finally, Piscataqua Savings Bank acquired a new position in O'Reilly Automotive during the first quarter worth approximately $43,000. Institutional investors and hedge funds own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ORLY. Truist Financial upped their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday. Citigroup increased their target price on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. increased their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Mizuho increased their target price on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Finally, Guggenheim raised their target price on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Friday. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $102.22.

O'Reilly Automotive Stock Down 0.5%

Shares of NASDAQ:ORLY opened at $97.66 on Friday. O'Reilly Automotive, Inc. has a 52-week low of $72.74 and a 52-week high of $100.10. The company has a 50 day moving average of $91.30 and a two-hundred day moving average of $89.76. The company has a market capitalization of $83.48 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 2.67 and a beta of 0.58.

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, meeting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the company earned $10.55 earnings per share. O'Reilly Automotive's revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Transactions at O'Reilly Automotive

In other news, SVP Ramon Parises Odems sold 30,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the sale, the senior vice president owned 240 shares of the company's stock, valued at approximately $21,767.20. The trade was a 99.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Najera Jose A. Montellano sold 285 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $90.13, for a total transaction of $25,686.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,285 shares of company stock valued at $3,022,386. 1.01% of the stock is currently owned by corporate insiders.

O'Reilly Automotive 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.

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