Toronto Dominion Bank Sells 8,091 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Toronto Dominion Bank lowered its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 27.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,179 shares of the specialty retailer's stock after selling 8,091 shares during the quarter. Toronto Dominion Bank's holdings in O'Reilly Automotive were worth $24,390,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ORLY. International Assets Investment Management LLC raised its holdings 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 worth $984,027,000 after acquiring an additional 853,633 shares in the last quarter. Wellington Management Group LLP increased its position in shares of O'Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock worth $1,986,874,000 after purchasing an additional 728,040 shares during the last quarter. Mizuho Securities USA LLC increased its position in shares of O'Reilly Automotive by 10,626.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock worth $5,393,000 after purchasing an additional 482,670 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of O'Reilly Automotive by 28.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock worth $692,816,000 after purchasing an additional 133,139 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of O'Reilly Automotive by 809.8% in the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer's stock valued at $96,078,000 after buying an additional 80,978 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

O'Reilly Automotive Stock Performance

NASDAQ:ORLY traded up $0.88 during mid-day trading on Friday, reaching $1,270.60. 203,096 shares of the company's stock were exchanged, compared to its average volume of 370,439. O'Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,281.95. The business's fifty day simple moving average is $1,210.82 and its two-hundred day simple moving average is $1,124.87. The firm has a market capitalization of $73.35 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.57 and a beta of 0.93.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion during 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 firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.72 earnings per share. As a group, equities research analysts forecast that O'Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ORLY shares. DA Davidson restated a "buy" rating and set a $1,275.00 target price on shares of O'Reilly Automotive in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Truist Financial upped their target price on shares of O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a "buy" rating in a report on Friday, October 25th. 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. Finally, BNP Paribas upgraded O'Reilly Automotive to a "strong-buy" rating in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, O'Reilly Automotive presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,257.00.

Insider Activity

In other O'Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the business's stock in a transaction on 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 sale, the senior vice president now owns 5 shares of the company's stock, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea Weiss sold 600 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now owns 700 shares of the company's stock, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company's stock.

O'Reilly Automotive Company 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.