Eastern Bank Sells 344 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Eastern Bank decreased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,835 shares of the specialty retailer’s stock after selling 344 shares during the quarter. Eastern Bank’s holdings in O’Reilly Automotive were worth $24,117,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of O’Reilly Automotive by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer’s stock valued at $33,227,000 after buying an additional 3,272 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in O’Reilly Automotive by 33.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer’s stock valued at $836,357,000 after acquiring an additional 147,904 shares in the last quarter. Summit X LLC lifted its position in shares of O’Reilly Automotive by 96.1% during the 1st quarter. Summit X LLC now owns 15,536 shares of the specialty retailer’s stock valued at $22,255,000 after acquiring an additional 7,612 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of O’Reilly Automotive by 7.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 149,393 shares of the specialty retailer’s stock worth $214,017,000 after purchasing an additional 9,741 shares in the last quarter. Finally, Brookstone Capital Management bought a new position in shares of O’Reilly Automotive in the first quarter worth $9,226,000. Institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $91.93, for a total value of $275,800.00. Following the transaction, the director owned 4,560 shares in the company, valued at approximately $419,216. The trade was a 39.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Najera Jose A. Montellano sold 285 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total transaction of $25,686.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,285 shares of company stock valued at $3,022,386. 1.01% of the stock is currently owned by company insiders.

O’Reilly Automotive Stock Up 1.6%

NASDAQ ORLY opened at $98.90 on Wednesday. The company has a market capitalization of $84.54 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 2.58 and a beta of 0.58. O’Reilly Automotive, Inc. has a twelve month low of $73.11 and a twelve month high of $100.10. The stock has a fifty day simple moving average of $91.52 and a 200 day simple moving average of $90.07.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter in the prior year, the firm posted $10.55 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Royal Bank Of Canada increased their price target on shares of O’Reilly Automotive from $98.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Citigroup boosted their price objective on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Mizuho lifted their price target on O’Reilly Automotive from $93.33 to $96.33 and gave the company an “outperform” rating in a research note on Friday, April 25th. Finally, Truist Financial upped their price objective on O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $102.22.

About O’Reilly Automotive

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.