Strs Ohio Sells 872 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Strs Ohio lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,848 shares of the specialty retailer’s stock after selling 872 shares during the period. Strs Ohio’s holdings in O’Reilly Automotive were worth $19,807,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Fortune Financial Advisors LLC grew its position in O’Reilly Automotive by 2.4% in the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock worth $2,325,000 after acquiring an additional 57 shares in the last quarter. SignalPoint Asset Management LLC grew its position in O’Reilly Automotive by 3.3% in the fourth quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock worth $48,567,000 after acquiring an additional 1,642 shares in the last quarter. NewEdge Wealth LLC grew its position in O’Reilly Automotive by 13.6% in the fourth quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock worth $32,509,000 after acquiring an additional 4,101 shares in the last quarter. HB Wealth Management LLC grew its position in O’Reilly Automotive by 7.0% in the fourth quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock worth $1,660,000 after acquiring an additional 114 shares in the last quarter. Finally, LPL Financial LLC grew its position in O’Reilly Automotive by 10.8% in the third quarter. LPL Financial LLC now owns 34,746 shares of the specialty retailer’s stock worth $31,579,000 after acquiring an additional 3,385 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,089.51 on Wednesday. The company has a 50 day moving average price of $1,090.52 and a 200-day moving average price of $1,006.87. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The company has a market capitalization of $64.31 billion, a PE ratio of 28.31, a P/E/G ratio of 1.94 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. O’Reilly Automotive’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.37 earnings per share. On average, analysts forecast that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the transaction, the chief financial officer now owns 2,335 shares of the company’s stock, valued at $2,400,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the transaction, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the transaction, the executive vice president now directly owns 5,533 shares in the company, valued at $5,884,566.82. The disclosure for this sale can be found here. Insiders sold 25,968 shares of company stock valued at $27,269,333 over the last 90 days. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several recent research reports. Royal Bank of Canada lifted their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Mizuho began coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price for the company. Wells Fargo & Company boosted their target price on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Truist Financial boosted their target price on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,089.59.

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.