O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stock Holdings Trimmed by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 14.7% in the second quarter, HoldingsChannel reports. The fund owned 8,068 shares of the specialty retailer’s stock after selling 1,386 shares during the period. Prime Capital Investment Advisors LLC’s holdings in O’Reilly Automotive were worth $8,521,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ORLY. Rise Advisors LLC bought a new position in shares of O’Reilly Automotive in the first quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. acquired a new position in shares of O’Reilly Automotive during the 1st quarter valued at $37,000. Indiana Trust & Investment Management CO raised its stake in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares in the last quarter. Riverview Trust Co bought a new stake in shares of O’Reilly Automotive in the 1st quarter worth $41,000. Finally, Crewe Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at $43,000. Institutional investors own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ORLY. DA Davidson raised their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Evercore ISI raised their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Bank of America upped their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Truist Financial boosted their target price on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,144.06.

O’Reilly Automotive Stock Up 0.5 %

ORLY stock opened at $1,125.48 on Monday. The company has a market capitalization of $66.28 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 2.11 and a beta of 0.92. The firm has a 50 day moving average of $1,101.72 and a two-hundred day moving average of $1,070.90. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the prior year, the company posted $10.22 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts expect that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

About O’Reilly Automotive

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.