Main Street Financial Solutions LLC lessened its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 68.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,751 shares of the specialty retailer’s stock after selling 5,855 shares during the period. Main Street Financial Solutions LLC’s holdings in O’Reilly Automotive were worth $253,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in O’Reilly Automotive by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 79,730,143 shares of the specialty retailer’s stock valued at $7,272,186,000 after acquiring an additional 458,613 shares during the period. BlackRock Inc. bought a new position in O’Reilly Automotive in the 2nd quarter valued at $5,950,042,000. State Street Corp increased its stake in O’Reilly Automotive by 0.4% in the fourth quarter. State Street Corp now owns 37,206,098 shares of the specialty retailer’s stock worth $3,393,568,000 after purchasing an additional 140,387 shares during the period. Geode Capital Management LLC increased its stake in O’Reilly Automotive by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 24,140,497 shares of the specialty retailer’s stock worth $2,201,555,000 after purchasing an additional 372,896 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of O’Reilly Automotive by 25.1% during the fourth quarter. Wellington Management Group LLP now owns 14,755,276 shares of the specialty retailer’s stock worth $1,345,829,000 after purchasing an additional 2,964,945 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Trading Up 0.6%
ORLY opened at $90.76 on Wednesday. O’Reilly Automotive, Inc. has a 12-month low of $82.59 and a 12-month high of $108.71. The business’s fifty day simple moving average is $88.96 and its 200-day simple moving average is $91.20. The company has a market capitalization of $73.42 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 1.99 and a beta of 0.51.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ORLY. The Goldman Sachs Group reissued a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, August 3rd. Robert W. Baird set a $100.00 price objective on shares of O’Reilly Automotive in a report on Friday, July 31st. TD Cowen decreased their price objective on shares of O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating for the company in a report on Friday, July 31st. Truist Financial set a $108.00 target price on shares of O’Reilly Automotive in a research note on Thursday, April 30th. Finally, Evercore reaffirmed an “outperform” rating and set a $115.00 target price on shares of O’Reilly Automotive in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $107.24.
Check Out Our Latest Research Report on ORLY
Insider Buying and Selling at O’Reilly Automotive
In other news, Director Thomas Hendrickson sold 1,200 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $88.32, for a total transaction of $105,984.00. Following the transaction, the director directly owned 19,675 shares in the company, valued at approximately $1,737,696. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Sastre sold 2,000 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total transaction of $183,700.00. Following the transaction, the director directly owned 14,970 shares in the company, valued at approximately $1,374,994.50. The trade was a 11.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 6,200 shares of company stock valued at $568,684. Company insiders own 0.77% of the company’s stock.
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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