Ninety One UK Ltd Trims Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ninety One UK Ltd decreased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 20.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,167 shares of the specialty retailer’s stock after selling 4,493 shares during the quarter. Ninety One UK Ltd’s holdings in O’Reilly Automotive were worth $20,357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Asset Dedication LLC increased its position in O’Reilly Automotive by 6.2% in the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after buying an additional 9 shares in the last quarter. Marks Group Wealth Management Inc grew its position in shares of O’Reilly Automotive by 1.5% during the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock worth $697,000 after purchasing an additional 9 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of O’Reilly Automotive by 8.5% during the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock worth $132,000 after purchasing an additional 9 shares in the last quarter. Metis Global Partners LLC grew its position in shares of O’Reilly Automotive by 0.5% during the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock worth $2,145,000 after purchasing an additional 9 shares in the last quarter. Finally, L.M. Kohn & Company grew its position in shares of O’Reilly Automotive by 1.4% during the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock worth $753,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ORLY. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Evercore ISI increased their target price on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Barclays increased their target price on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. Finally, Truist Financial increased their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive has an average rating of “Buy” and a consensus target price of $1,301.82.

Insider Transactions at O’Reilly Automotive

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea Weiss sold 600 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,348.24 on Thursday. The firm has a market capitalization of $77.84 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 2.40 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27. The business has a 50 day simple moving average of $1,236.84 and a 200-day simple moving average of $1,183.37.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. As a group, analysts expect that O’Reilly Automotive, Inc. will post 40.86 earnings per share for the current fiscal year.

O’Reilly Automotive Company Profile

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.