PFG Advisors Sells 208 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

PFG Advisors reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 9.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,898 shares of the specialty retailer’s stock after selling 208 shares during the period. PFG Advisors’ holdings in O’Reilly Automotive were worth $2,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $36,000. Indiana Trust & Investment Management CO boosted its position in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 26 shares during the last quarter. Riverview Trust Co purchased a new position in O’Reilly Automotive in the first quarter worth $41,000. Crewe Advisors LLC bought a new position in O’Reilly Automotive in the 1st quarter valued at $43,000. Finally, Kings Path Partners LLC purchased a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at $44,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Up 0.7 %

Shares of ORLY opened at $1,198.90 on Thursday. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,221.05. The stock has a market cap of $70.61 billion, a PE ratio of 30.43, a P/E/G ratio of 2.24 and a beta of 0.92. The business’s 50-day moving average price is $1,138.75 and its 200-day moving average price is $1,077.71.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share 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 firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same period last year, the company posted $10.22 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Analysts expect that O’Reilly Automotive, Inc. will post 41.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

ORLY has been the topic of a number of research analyst reports. UBS Group cut their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Evercore ISI increased their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Royal Bank of Canada decreased their price target 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. Truist Financial upped their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Monday. Finally, Roth Mkm reissued a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,206.87.

Insider Buying and Selling

In related news, Director Dana Perlman sold 48 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the transaction, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the sale, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,411 shares of company stock worth $56,846,062. Corporate insiders own 1.55% of the company’s stock.

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.