US Bancorp DE Trims Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• US Bancorp DE has reduced its stake in O'Reilly Automotive by 7.2%, holding approximately $53.55 million worth of shares as of the last quarter.
• Research firms have given O'Reilly Automotive an average rating of "Buy", with target prices ranging from $86.00 to $110.00.
• In insider activity, two senior vice presidents sold a combined total of 59,505 shares recently, indicating significant shifts in their holdings.

US Bancorp DE cut its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,377 shares of the specialty retailer's stock after selling 2,894 shares during the quarter. US Bancorp DE owned 0.07% of O'Reilly Automotive worth $53,546,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. HWG Holdings LP acquired a new position in shares of O'Reilly Automotive during the 1st quarter worth $26,000. HighMark Wealth Management LLC grew its holdings in shares of O'Reilly Automotive by 185.7% during the 1st 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 period. Piscataqua Savings Bank purchased a new position in O'Reilly Automotive in the 1st quarter worth approximately $43,000. Vestor Capital LLC purchased a new position in shares of O'Reilly Automotive during the 1st quarter valued at approximately $43,000. Finally, Investment Management Corp VA ADV purchased a new position in shares of O'Reilly Automotive during the 4th quarter valued at approximately $37,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ORLY shares. Mizuho raised their price objective on O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of O'Reilly Automotive in a research note on Thursday, April 24th. Truist Financial raised their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Citigroup raised their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, DA Davidson lifted their price target on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, O'Reilly Automotive has a consensus rating of "Buy" and a consensus price target of $102.22.

Insider Buying and Selling

In related news, SVP Ramon Parises Odems sold 30,000 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the transaction, the senior vice president owned 240 shares of the company's stock, valued at approximately $21,767.20. This represents a 99.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Joseph Merz sold 5,050 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the transaction, the senior vice president directly owned 2,876 shares of the company's stock, valued at $284,925.32. The trade was a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,840 shares of company stock worth $6,421,556 over the last ninety days. 1.01% of the stock is owned by corporate insiders.

O'Reilly Automotive Trading Up 0.8%

Shares of NASDAQ ORLY traded up $0.86 during midday trading on Tuesday, hitting $102.23. The company's stock had a trading volume of 4,037,550 shares, compared to its average volume of 5,694,698. The business's 50 day moving average is $92.17 and its two-hundred day moving average is $90.67. The firm has a market cap of $87.39 billion, a P/E ratio of 36.55, a price-to-earnings-growth ratio of 2.63 and a beta of 0.56. O'Reilly Automotive, Inc. has a 12-month low of $73.11 and a 12-month high of $102.48.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $10.55 EPS. On average, analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.