CENTRAL TRUST Co lessened its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 792,730 shares of the specialty retailer’s stock after selling 7,346 shares during the period. O’Reilly Automotive comprises 1.2% of CENTRAL TRUST Co’s portfolio, making the stock its 22nd largest holding. CENTRAL TRUST Co’s holdings in O’Reilly Automotive were worth $67,707,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of ORLY. BlackRock Inc. acquired a new stake in O’Reilly Automotive during the second quarter worth approximately $5,950,042,000. Bank of New York Mellon Corp purchased a new stake in O’Reilly Automotive in the 2nd quarter worth approximately $1,023,936,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in O’Reilly Automotive by 1.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,329,667 shares of the specialty retailer’s stock worth $859,169,000 after acquiring an additional 141,915 shares during the period. Amundi grew its stake in O’Reilly Automotive by 19.7% in the 1st quarter. Amundi now owns 8,497,984 shares of the specialty retailer’s stock worth $784,449,000 after acquiring an additional 1,397,671 shares during the period. Finally, Bank of America Corp DE acquired a new position in O’Reilly Automotive in the 2nd quarter valued at $721,747,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.
Insider Activity at O’Reilly Automotive
In other news, Chairman Gregory Henslee sold 138,705 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $91.75, for a total transaction of $12,726,183.75. Following the completion of the sale, the chairman directly owned 241,950 shares of the company’s stock, valued at $22,198,912.50. The trade was a 36.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Larry Gray sold 7,750 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $90.22, for a total value of $699,205.00. Following the sale, the senior vice president owned 4,971 shares of the company’s stock, valued at approximately $448,483.62. The trade was a 60.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 148,655 shares of company stock valued at $13,623,283 over the last quarter. 0.77% of the stock is currently owned by corporate insiders.
O’Reilly Automotive Stock Performance
O’Reilly Automotive stock opened at $90.54 on Thursday. O’Reilly Automotive, Inc. has a 1 year low of $82.59 and a 1 year high of $102.46. The firm has a 50 day moving average price of $87.42 and a 200 day moving average price of $90.30. The company has a market cap of $72.62 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.12 and a beta of 0.55.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. The firm had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.02 billion. O’Reilly Automotive had a net margin of 14.27% and a negative return on equity of 188.24%. O’Reilly Automotive’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 3.31 EPS for the current year.
Wall Street Analyst Weigh In
ORLY has been the topic of a number of recent analyst reports. UBS Group reissued a “buy” rating and set a $122.00 price target (up from $120.00) on shares of O’Reilly Automotive in a research note on Thursday, October 29th. DA Davidson reaffirmed a “buy” rating and issued a $106.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, September 16th. Morgan Stanley lowered their price objective on O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Wolfe Research set a $98.00 target price on O’Reilly Automotive in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company increased their target price on O’Reilly Automotive from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.
View Our Latest Stock Report on O’Reilly Automotive
About O’Reilly Automotive
O’Reilly Automotive, Inc. is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops. The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers. Founded in 1957 by Charles F. O’Reilly and his son Charles H. O’Reilly, the company opened its first store in Springfield, Missouri.
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