Main Street Financial Solutions LLC lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 68.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,751 shares of the specialty retailer’s stock after selling 5,855 shares during the quarter. Main Street Financial Solutions LLC’s holdings in O’Reilly Automotive were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. Vanguard Group Inc. lifted its position in shares of O’Reilly Automotive by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,730,143 shares of the specialty retailer’s stock valued at $7,272,186,000 after buying an additional 458,613 shares during the last quarter. BlackRock Inc. bought a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at about $5,950,042,000. State Street Corp boosted its holdings in shares of O’Reilly Automotive by 0.4% in the 4th quarter. State Street Corp now owns 37,206,098 shares of the specialty retailer’s stock valued at $3,393,568,000 after buying an additional 140,387 shares in the last quarter. Geode Capital Management LLC grew its position in shares of O’Reilly Automotive by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 24,140,497 shares of the specialty retailer’s stock worth $2,201,555,000 after buying an additional 372,896 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of O’Reilly Automotive by 25.1% in the 4th quarter. Wellington Management Group LLP now owns 14,755,276 shares of the specialty retailer’s stock worth $1,345,829,000 after buying an additional 2,964,945 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Stock Up 0.6%
ORLY opened at $90.76 on Wednesday. O’Reilly Automotive, Inc. has a 52-week low of $82.59 and a 52-week high of $108.71. The company has a market cap of $73.42 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 1.99 and a beta of 0.51. The firm’s 50-day moving average price is $88.96 and its 200-day moving average price is $91.20.
Analyst Ratings Changes
A number of research firms recently commented on ORLY. Mizuho increased their target price on shares of O’Reilly Automotive from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of O’Reilly Automotive in a report on Friday, April 24th. Truist Financial set a $108.00 price target on O’Reilly Automotive in a research report on Thursday, April 30th. Evercore reiterated an “outperform” rating and set a $115.00 price objective on shares of O’Reilly Automotive in a report on Friday, May 1st. Finally, Robert W. Baird set a $100.00 price objective on O’Reilly Automotive in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $107.24.
Check Out Our Latest Stock Analysis on ORLY
Insider Buying and Selling at O’Reilly Automotive
In other O’Reilly Automotive news, Director Maria Sastre sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total value of $183,700.00. Following the completion of the transaction, the director owned 14,970 shares of the company’s stock, valued at approximately $1,374,994.50. This trade represents a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Christopher Andrew Mancini sold 3,000 shares of O’Reilly Automotive stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total transaction of $279,000.00. Following the sale, the senior vice president owned 189 shares of the company’s stock, valued at $17,577. The trade was a 94.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 6,200 shares of company stock worth $568,684. 0.77% of the stock is owned by corporate insiders.
O’Reilly Automotive Profile
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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