Meiji Yasuda Life Insurance Co Cuts Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Meiji Yasuda Life Insurance Co reduced its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 30.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,639 shares of the specialty retailer’s stock after selling 716 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in O’Reilly Automotive were worth $1,850,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ORLY. Rise Advisors LLC bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at about $36,000. Newbridge Financial Services Group Inc. purchased a new position in shares of O’Reilly Automotive in the first quarter worth approximately $37,000. Indiana Trust & Investment Management CO raised its stake in O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Riverview Trust Co purchased a new stake in O’Reilly Automotive in the 1st quarter worth about $41,000. Finally, Crewe Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter worth approximately $43,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip M. Hopper 1,023 shares of the business’s stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Down 1.3 %

Shares of O’Reilly Automotive stock traded down $14.56 during trading hours on Wednesday, reaching $1,126.34. 498,992 shares of the stock traded hands, compared to its average volume of 399,065. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The firm has a market capitalization of $66.33 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 2.13 and a beta of 0.92. The company has a 50 day moving average price of $1,026.72 and a 200 day moving average price of $1,050.28.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate 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 previous year, the company earned $10.22 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 41.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ORLY shares. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Wedbush reissued a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, July 25th. Evercore ISI cut their target price on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a research report on Tuesday, July 16th. DA Davidson lifted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Truist Financial increased their price objective on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,130.67.

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.