Adams Diversified Equity Fund Inc. Has $21.31 Million Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Adams Diversified Equity Fund Inc. decreased its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 18.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,500 shares of the specialty retailer's stock after selling 4,300 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in O'Reilly Automotive were worth $21,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its position in O'Reilly Automotive by 99,957.0% during the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock valued at $984,027,000 after buying an additional 853,633 shares during the period. JPMorgan Chase & Co. grew its stake in O'Reilly Automotive by 56.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer's stock valued at $1,180,259,000 after acquiring an additional 376,167 shares in the last quarter. CCLA Investment Management acquired a new position in shares of O'Reilly Automotive in the 1st quarter valued at about $95,481,000. Marshall Wace LLP lifted its position in shares of O'Reilly Automotive by 809.8% in the second quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer's stock worth $96,078,000 after purchasing an additional 80,978 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of O'Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer's stock worth $5,739,462,000 after purchasing an additional 75,837 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ORLY shares. Wells Fargo & Company increased their target price on shares of O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. Truist Financial upped their price target on shares of O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Morgan Stanley upped their target price on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Finally, BNP Paribas upgraded O'Reilly Automotive to a "strong-buy" rating in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, O'Reilly Automotive currently has a consensus rating of "Moderate Buy" and an average price target of $1,242.13.

O'Reilly Automotive Price Performance

Shares of NASDAQ ORLY traded down $9.97 during trading hours on Wednesday, hitting $1,165.93. 136,964 shares of the stock were exchanged, compared to its average volume of 373,537. O'Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,221.18. The company's 50 day moving average is $1,153.01 and its 200 day moving average is $1,083.41. The firm has a market capitalization of $67.64 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.42 and a beta of 0.92.

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

Insider Activity at O'Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the company's stock in a transaction 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 can be accessed through this hyperlink. Also, Director Dana Perlman sold 48 shares of O'Reilly Automotive stock in a transaction on 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 sale, the director now owns 1,097 shares in the company, valued at $1,217,406.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,370 shares of company stock worth $18,333,966 in the last ninety days. 1.18% of the stock is currently owned by insiders.

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.