Rhumbline Advisers Cuts Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Rhumbline Advisers cut its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,834 shares of the specialty retailer's stock after selling 2,428 shares during the quarter. Rhumbline Advisers owned 0.21% of O'Reilly Automotive worth $146,842,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in O'Reilly Automotive by 73.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock valued at $1,986,874,000 after purchasing an additional 728,040 shares in the last quarter. Geode Capital Management LLC lifted its stake in O'Reilly Automotive by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer's stock worth $1,700,513,000 after acquiring an additional 24,135 shares during the last quarter. International Assets Investment Management LLC lifted its stake in O'Reilly Automotive by 99,957.0% in 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 during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in 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 acquiring an additional 133,139 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its position in shares of O'Reilly Automotive by 10,626.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock valued at $5,393,000 after purchasing an additional 482,670 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ORLY shares. StockNews.com upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Barclays upped their price target on O'Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. BMO Capital Markets increased their price target on shares of O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their price objective on shares of 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. Finally, Truist Financial increased 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 research report on Friday, October 25th. Two investment 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. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $1,390.81.

O'Reilly Automotive Stock Performance

NASDAQ:ORLY traded down $0.02 during trading hours on Wednesday, hitting $1,295.80. The company's stock had a trading volume of 211,277 shares, compared to its average volume of 332,795. O'Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,350.27. The business's 50-day moving average is $1,251.64 and its two-hundred day moving average is $1,198.92. The company has a market capitalization of $74.81 billion, a PE ratio of 31.87, a PEG ratio of 2.35 and a beta of 0.94.

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

Insider Buying and Selling

In other O'Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 5 shares of the company's stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mark Joseph Merz sold 500 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the sale, the senior vice president now owns 275 shares of the company's stock, valued at approximately $364,375. The trade was a 64.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,968 shares of company stock worth $2,492,394 in the last quarter. Company insiders own 1.18% of the company's stock.

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.