Inspire Investing LLC cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,306 shares of the specialty retailer’s stock after selling 9,812 shares during the period. Inspire Investing LLC’s holdings in O’Reilly Automotive were worth $5,663,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First National Bank of Mount Dora Trust Investment Services boosted its holdings in shares of O’Reilly Automotive by 26.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 58,297 shares of the specialty retailer’s stock worth $5,381,000 after purchasing an additional 12,316 shares during the period. Swiss National Bank increased its stake in shares of O’Reilly Automotive by 6.5% during the first quarter. Swiss National Bank now owns 2,477,200 shares of the specialty retailer’s stock valued at $228,670,000 after buying an additional 152,100 shares during the period. Corient Private Wealth LP increased its stake in shares of O’Reilly Automotive by 46.0% during the second quarter. Corient Private Wealth LP now owns 1,077,091 shares of the specialty retailer’s stock valued at $99,189,000 after buying an additional 339,465 shares during the period. Nykredit A S purchased a new position in shares of O’Reilly Automotive during the second quarter valued at approximately $34,040,000. Finally, National Pension Service raised its holdings in shares of O’Reilly Automotive by 2.0% during the second quarter. National Pension Service now owns 2,279,184 shares of the specialty retailer’s stock valued at $209,890,000 after acquiring an additional 43,770 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Trading Down 2.3%
NASDAQ ORLY opened at $89.92 on Friday. The stock has a market cap of $72.74 billion, a P/E ratio of 28.64, a P/E/G ratio of 2.28 and a beta of 0.54. O’Reilly Automotive, Inc. has a 12 month low of $82.59 and a 12 month high of $102.46. The stock’s fifty day moving average price is $87.23 and its 200-day moving average price is $89.19.
Insider Transactions at O’Reilly Automotive
In other news, SVP Christopher Mancini sold 3,000 shares of the company’s 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 transaction, the senior vice president directly owned 189 shares of the company’s stock, valued at $17,577. This represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas Hendrickson sold 1,000 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $87.83, for a total value of $87,830.00. Following the sale, the director directly owned 18,675 shares in the company, valued at $1,640,225.25. This trade represents a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 6,000 shares of company stock worth $550,530 over the last quarter. 0.77% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
ORLY has been the topic of several recent analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $110.00 price target (down from $115.00) on shares of O’Reilly Automotive in a report on Friday, July 31st. DA Davidson restated a “buy” rating and issued a $106.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, September 16th. Wells Fargo & Company set a $100.00 target price on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Friday, July 24th. Weiss Ratings lowered shares of O’Reilly Automotive from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Finally, Wolfe Research set a $98.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, July 15th. Sixteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.32.
View Our Latest Stock Report on ORLY
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.
Founded in 1957 by the O’Reilly family, the company began as a single store in Springfield, Missouri.
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