O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC cut its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,898 shares of the specialty retailer’s stock after selling 1,176 shares during the period. Verition Fund Management LLC’s holdings in O’Reilly Automotive were worth $9,404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its holdings in O’Reilly Automotive by 7.6% in the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after acquiring an additional 66,629 shares in the last quarter. Invesco Ltd. raised its holdings in shares of O’Reilly Automotive by 3.7% during the third quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock worth $807,168,000 after purchasing an additional 31,487 shares during the period. Norges Bank acquired a new stake in shares of O’Reilly Automotive during the fourth quarter worth $671,384,000. Northern Trust Corp raised its holdings in shares of O’Reilly Automotive by 3.5% during the third quarter. Northern Trust Corp now owns 683,547 shares of the specialty retailer’s stock worth $621,249,000 after purchasing an additional 23,016 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of O’Reilly Automotive by 89,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after purchasing an additional 652,924 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ORLY. Wells Fargo & Company dropped their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. UBS Group increased their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Truist Financial dropped their price objective on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Evercore ISI increased their price objective on shares of O’Reilly Automotive from $1,255.00 to $1,275.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,123.64.

Check Out Our Latest Analysis on ORLY

O’Reilly Automotive Trading Down 0.4 %

NASDAQ:ORLY opened at $975.14 on Tuesday. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The company has a 50-day moving average of $1,032.21 and a 200-day moving average of $1,027.36. The firm has a market cap of $57.43 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $8.28 earnings per share. On average, research analysts forecast that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares in the company, valued at $726,740. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

About O’Reilly Automotive

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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