BTC Capital Management Inc. Sells 147 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

BTC Capital Management Inc. lowered its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,375 shares of the specialty retailer’s stock after selling 147 shares during the period. BTC Capital Management Inc.’s holdings in O’Reilly Automotive were worth $8,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaMark Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the 4th quarter worth approximately $30,000. Darwin Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive in the 3rd quarter worth approximately $32,000. Trifecta Capital Advisors LLC boosted its stake in O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in O’Reilly Automotive during the 3rd quarter valued at $37,000. Finally, Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,310.16 on Friday. The business’s fifty day moving average is $1,232.15 and its 200 day moving average is $1,175.66. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,311.78. The company has a market capitalization of $75.64 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Royal Bank of Canada increased their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets assumed coverage on O’Reilly Automotive in a research note on Friday, December 13th. They set an “outperform” rating and a $1,400.00 target price on the stock. Wedbush reiterated a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Truist Financial increased their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, TD Cowen raised their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Buy” and a consensus target price of $1,301.82.

Insider Activity

In other news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Company 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.