O'Reilly Automotive, Inc. (NASDAQ:ORLY) Stock Holdings Lowered by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 6.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 29,383 shares of the specialty retailer's stock after selling 1,915 shares during the period. Retirement Systems of Alabama owned approximately 0.05% of O'Reilly Automotive worth $33,837,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oddo BHF Asset Management Sas purchased a new position in shares of O'Reilly Automotive in the third quarter valued at $1,666,000. Peapack Gladstone Financial Corp increased its stake in O'Reilly Automotive by 2.3% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 1,133 shares of the specialty retailer's stock worth $1,305,000 after buying an additional 25 shares during the period. Destination Wealth Management acquired a new position in O'Reilly Automotive in the 3rd quarter worth $15,027,000. Wilmington Savings Fund Society FSB purchased a new position in O'Reilly Automotive in the 3rd quarter valued at about $184,000. Finally, Arvest Bank Trust Division acquired a new stake in shares of O'Reilly Automotive during the third quarter valued at about $518,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of O'Reilly Automotive stock traded up $0.88 on Friday, reaching $1,270.60. 203,096 shares of the company were exchanged, compared to its average volume of 370,439. O'Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,281.95. The firm has a market cap of $73.35 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.57 and a beta of 0.93. The company's 50-day moving average is $1,213.13 and its two-hundred day moving average is $1,126.84.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank of Canada raised their price objective on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. DA Davidson reiterated a "buy" rating and set a $1,275.00 target price on shares of O'Reilly Automotive in a research note on Thursday, October 24th. BNP Paribas upgraded shares of O'Reilly Automotive to a "strong-buy" rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Finally, Truist Financial raised their price objective on shares of 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. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,257.00.

Insider Buying and Selling at O'Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of O'Reilly Automotive stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now directly owns 700 shares in the company, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares of the company's stock, valued at $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by company 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.