Column Capital Advisors LLC Trims Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Column Capital Advisors LLC decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166 shares of the specialty retailer’s stock after selling 21 shares during the quarter. Column Capital Advisors LLC’s holdings in O’Reilly Automotive were worth $159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of O’Reilly Automotive by 1.8% in the first quarter. Geode Capital Management LLC now owns 1,489,353 shares of the specialty retailer’s stock valued at $1,262,904,000 after buying an additional 26,201 shares in the last quarter. FMR LLC grew its stake in shares of O’Reilly Automotive by 2.3% in the first quarter. FMR LLC now owns 1,459,359 shares of the specialty retailer’s stock valued at $1,238,967,000 after buying an additional 32,642 shares in the last quarter. Bank of America Corp DE grew its stake in shares of O’Reilly Automotive by 22.0% in the first quarter. Bank of America Corp DE now owns 1,447,293 shares of the specialty retailer’s stock valued at $1,228,723,000 after buying an additional 261,189 shares in the last quarter. Morgan Stanley grew its stake in shares of O’Reilly Automotive by 113.8% in the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock valued at $1,007,597,000 after buying an additional 635,416 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of O’Reilly Automotive by 99.0% in the first quarter. Bank of New York Mellon Corp now owns 1,101,758 shares of the specialty retailer’s stock valued at $935,370,000 after buying an additional 548,065 shares in the last quarter. Institutional investors and hedge funds own 82.92% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Wild Tamara F. De sold 549 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $955.50, for a total transaction of $524,569.50. Following the transaction, the senior vice president now owns 349 shares in the company, valued at approximately $333,469.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 14,599 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $937.81, for a total transaction of $13,691,088.19. Following the sale, the chairman now owns 8,378 shares in the company, valued at approximately $7,856,972.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Wild Tamara F. De sold 549 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $955.50, for a total value of $524,569.50. Following the sale, the senior vice president now owns 349 shares in the company, valued at approximately $333,469.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,408 shares of company stock worth $20,177,502. Company insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ORLY shares. Truist Financial lifted their price objective on O’Reilly Automotive from $1,068.00 to $1,080.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Wedbush reissued a “neutral” rating and set a $940.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 26th. Wells Fargo & Company lifted their price target on O’Reilly Automotive from $985.00 to $1,075.00 in a report on Thursday, July 20th. TD Cowen started coverage on O’Reilly Automotive in a report on Tuesday, October 10th. They set an “outperform” rating and a $1,100.00 price target for the company. Finally, Stephens reaffirmed an “overweight” rating and set a $1,060.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,007.63.

O’Reilly Automotive Stock Up 0.4 %

ORLY traded up $3.84 on Wednesday, hitting $978.45. 16,182 shares of the company traded hands, compared to its average volume of 424,059. The company has a 50 day moving average of $926.43 and a 200-day moving average of $931.40. The stock has a market capitalization of $58.34 billion, a PE ratio of 25.93, a PEG ratio of 1.89 and a beta of 0.83. O’Reilly Automotive, Inc. has a 12-month low of $767.27 and a 12-month high of $979.58.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, October 26th. The specialty retailer reported $10.72 EPS for the quarter, beating the consensus estimate of $10.36 by $0.36. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.09 billion. O’Reilly Automotive had a negative return on equity of 152.96% and a net margin of 14.86%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $9.17 EPS. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 38.21 EPS for the current year.

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 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.