O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Simmons Bank

Simmons Bank lowered its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 105,982 shares of the specialty retailer's stock after selling 4,408 shares during the period. O'Reilly Automotive makes up approximately 8.8% of Simmons Bank's investment portfolio, making the stock its largest position. Simmons Bank owned 0.18% of O'Reilly Automotive worth $122,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ORLY. Trifecta Capital Advisors LLC lifted its position in O'Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 23 shares during the period. Princeton Global Asset Management LLC purchased a new position in O'Reilly Automotive in the third quarter valued at about $41,000. Crewe Advisors LLC purchased a new position in O'Reilly Automotive in the first quarter valued at about $43,000. Kings Path Partners LLC purchased a new position in O'Reilly Automotive in the second quarter valued at about $44,000. Finally, ORG Partners LLC purchased a new position in O'Reilly Automotive in the second quarter valued at about $48,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at O'Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 is available through this link. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the transaction, the director now owns 141,589 shares in the company, valued at approximately $158,511,717.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 16,322 shares of company stock valued at $18,280,698. Company insiders own 1.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ORLY. Evercore ISI increased their target price on shares of O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an "outperform" rating in a report on Thursday, August 22nd. 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 research note on Friday, October 25th. Barclays raised their price objective on shares of O'Reilly Automotive from $986.00 to $1,088.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Morgan Stanley raised their price objective on shares of O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,242.13.

O'Reilly Automotive Trading Up 0.2 %

O'Reilly Automotive stock traded up $1.93 during midday trading on Wednesday, reaching $1,238.78. 280,232 shares of the stock traded hands, compared to its average volume of 374,807. The firm has a fifty day moving average price of $1,165.19 and a two-hundred day moving average price of $1,091.11. The firm has a market cap of $71.51 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 2.51 and a beta of 0.92. O'Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,252.54.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued 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 company had revenue of $4.36 billion during 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%. The company's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $10.72 earnings per share. Analysts anticipate that O'Reilly Automotive, Inc. will post 40.81 earnings per share 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.