Truist Financial Corp Sells 4,858 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Truist Financial Corp trimmed its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,890 shares of the specialty retailer's stock after selling 4,858 shares during the quarter. Truist Financial Corp's holdings in O'Reilly Automotive were worth $23,586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ORLY. AlphaMark Advisors LLC purchased a new stake in shares of O'Reilly Automotive during the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new position in O'Reilly Automotive in the 3rd quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. purchased a new stake in O'Reilly Automotive during the 3rd quarter valued at $37,000. Princeton Global Asset Management LLC bought a new stake in shares of O'Reilly Automotive in the 3rd quarter worth $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of O'Reilly Automotive in the fourth quarter worth $46,000. 85.00% of the stock is currently owned by institutional investors.

Insider Activity

In other O'Reilly Automotive news, Director Maria Sastre sold 248 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total value of $326,410.16. Following the completion of the sale, the director now directly owns 971 shares of the company's stock, valued at $1,278,001.07. The trade was a 20.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,968 shares of company stock valued at $2,492,394. 1.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wedbush lifted their price objective on O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. Mizuho upped their price objective on O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Wells Fargo & Company raised their target price on O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. StockNews.com raised shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Finally, Guggenheim lifted their target price on shares of O'Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $1,390.81.

O'Reilly Automotive Price Performance

Shares of NASDAQ ORLY traded up $16.64 during midday trading on Thursday, reaching $1,312.44. 278,208 shares of the stock traded hands, compared to its average volume of 332,128. O'Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,350.27. The company's 50 day moving average is $1,252.18 and its 200 day moving average is $1,199.59. The stock has a market capitalization of $75.77 billion, a PE ratio of 32.28, a P/E/G ratio of 2.31 and a beta of 0.94.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping the consensus estimate of $9.73 by $0.23. O'Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. As a group, equities analysts forecast that O'Reilly Automotive, Inc. will post 44.01 EPS for the current year.

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.