BNP PARIBAS ASSET MANAGEMENT Holding S.A. Reduces Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,056 shares of the specialty retailer's stock after selling 672 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in O'Reilly Automotive were worth $13,884,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Asset Dedication LLC increased its holdings 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 purchasing an additional 9 shares in the last quarter. Marks Group Wealth Management Inc boosted 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 valued at $697,000 after buying an additional 9 shares during the last quarter. Venturi Wealth Management LLC boosted 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 valued at $132,000 after buying an additional 9 shares during the last quarter. Metis Global Partners LLC boosted 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 valued at $2,145,000 after buying an additional 9 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its position in shares of O'Reilly Automotive by 2.6% during the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer's stock valued at $440,000 after buying an additional 10 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

O'Reilly Automotive Stock Performance

ORLY stock traded up $22.63 during trading on Friday, hitting $1,227.37. 338,577 shares of the company traded hands, compared to its average volume of 377,903. The firm has a market capitalization of $70.86 billion, a PE ratio of 30.37, a P/E/G ratio of 2.44 and a beta of 0.92. O'Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,255.30. The company has a 50-day moving average of $1,179.37 and a 200-day moving average of $1,102.25.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $10.72 EPS. Sell-side analysts expect that O'Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Analyst Ratings Changes

ORLY has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Bank of America lifted their price target on O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price target on O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Truist Financial lifted their price target on O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Roth Mkm restated a "buy" rating and issued a $1,337.00 target price on shares of O'Reilly Automotive in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, O'Reilly Automotive currently has an average rating of "Moderate Buy" and a consensus price target of $1,242.13.

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.55% of the stock is currently owned by corporate insiders.

O'Reilly Automotive 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.