Public Sector Pension Investment Board reduced its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 48.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,799 shares of the specialty retailer's stock after selling 7,370 shares during the quarter. Public Sector Pension Investment Board's holdings in O'Reilly Automotive were worth $11,173,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG boosted its stake in O'Reilly Automotive by 3.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock valued at $41,848,000 after buying an additional 1,208 shares in the last quarter. Scotia Capital Inc. increased its position in O'Reilly Automotive by 7.1% during the fourth quarter. Scotia Capital Inc. now owns 542 shares of the specialty retailer's stock worth $643,000 after buying an additional 36 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in O'Reilly Automotive by 22.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 17,383 shares of the specialty retailer's stock worth $20,610,000 after purchasing an additional 3,132 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in O'Reilly Automotive during the 4th quarter worth $809,000. Finally, SageView Advisory Group LLC bought a new position in shares of O'Reilly Automotive in the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 85.00% of the company's stock.
O'Reilly Automotive Stock Up 0.0%
NASDAQ ORLY traded up $0.04 on Friday, reaching $101.54. The company had a trading volume of 4,280,227 shares, compared to its average volume of 5,654,088. The stock has a market capitalization of $86.16 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 2.71 and a beta of 0.56. The firm's 50 day moving average price is $94.08 and its 200 day moving average price is $91.65. O'Reilly Automotive, Inc. has a 12 month low of $73.11 and a 12 month high of $104.86.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the firm earned $10.55 earnings per share. The company's quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.
Wall Street Analysts Forecast Growth
ORLY has been the topic of a number of analyst reports. Barclays reaffirmed an "equal weight" rating and issued a $86.00 price objective on shares of O'Reilly Automotive in a research note on Friday, July 25th. Wells Fargo & Company lifted their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Mizuho raised their price objective 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. Truist Financial boosted their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $103.38.
Read Our Latest Report on O'Reilly Automotive
Insiders Place Their Bets
In related news, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Raymond Murphy sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $91.93, for a total transaction of $275,800.00. Following the sale, the director directly owned 4,560 shares in the company, valued at $419,216. The trade was a 39.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,920 shares of company stock valued at $15,763,302. Insiders own 1.01% of the company's stock.
O'Reilly Automotive 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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