Achmea Investment Management B.V. lessened its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,958 shares of the specialty retailer's stock after selling 1,044 shares during the quarter. Achmea Investment Management B.V.'s holdings in O'Reilly Automotive were worth $15,797,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of O'Reilly Automotive by 3.8% during the first quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer's stock worth $68,327,000 after purchasing an additional 2,214 shares during the last quarter. Bank Pictet & Cie Asia Ltd. acquired a new position in O'Reilly Automotive during the second quarter worth approximately $800,000. O Shaughnessy Asset Management LLC lifted its stake in O'Reilly Automotive by 5.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer's stock valued at $16,723,000 after buying an additional 701 shares during the last quarter. Perpetual Ltd lifted its stake in O'Reilly Automotive by 322.6% in the first quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer's stock valued at $1,289,000 after buying an additional 871 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of O'Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer's stock valued at $434,780,000 after acquiring an additional 397,108 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently commented on ORLY shares. Truist Financial upped their price target on shares of O'Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Royal Bank of Canada decreased their target price on shares of O'Reilly Automotive from $1,124.00 to $1,115.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. Wedbush reissued a "neutral" rating and set a $1,100.00 price target on shares of O'Reilly Automotive in a report on Thursday, July 25th. Evercore ISI upped their price objective on O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an "outperform" rating in a research note on Thursday, August 22nd. Finally, UBS Group lowered their target price on O'Reilly Automotive from $1,275.00 to $1,250.00 and set a "buy" rating on the stock in a research note on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,144.06.
View Our Latest Research Report on O'Reilly Automotive
O'Reilly Automotive Stock Performance
O'Reilly Automotive stock traded up $7.17 during midday trading on Thursday, reaching $1,119.80. The company's stock had a trading volume of 257,567 shares, compared to its average volume of 385,128. The firm has a market capitalization of $65.95 billion, a PE ratio of 28.31, a P/E/G ratio of 2.13 and a beta of 0.92. O'Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The stock's 50 day simple moving average is $1,097.76 and its 200 day simple moving average is $1,070.34.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $4.27 billion for the quarter, compared to analysts' expectations of $4.32 billion. During the same period in the prior year, the firm posted $10.22 EPS. The firm's quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts predict that O'Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.
Insider Buying and Selling
In related news, SVP Mark Joseph Merz sold 413 shares of O'Reilly Automotive stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares of the company's stock, valued at $296,800. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the company's stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now owns 265 shares of the company's stock, valued at $296,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gregory L. Henslee sold 18,264 shares of the firm's stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares of the company's stock, valued at $15,049,409.85. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock worth $56,846,062 in the last quarter. Company insiders own 1.55% of the company's stock.
About O'Reilly Automotive
(Free Report)
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.
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