State Street Corp Has $2.76 Billion Stock Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

State Street Corp reduced its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,397,366 shares of the specialty retailer's stock after selling 21,903 shares during the quarter. State Street Corp owned 4.15% of O'Reilly Automotive worth $2,760,807,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bank Pictet & Cie Asia Ltd. acquired a new position in O'Reilly Automotive during the 2nd quarter worth $800,000. Handelsbanken Fonder AB lifted its position in shares of O'Reilly Automotive by 2.5% during the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer's stock worth $34,507,000 after purchasing an additional 727 shares during the last quarter. Assetmark Inc. grew its stake in O'Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer's stock worth $21,396,000 after purchasing an additional 3,193 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in O'Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer's stock valued at $15,458,000 after buying an additional 6,954 shares during the last quarter. Finally, Marshfield Associates raised its stake in O'Reilly Automotive by 0.6% during the second quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer's stock valued at $319,866,000 after buying an additional 1,718 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY traded up $22.97 on Friday, hitting $1,257.78. The company's stock had a trading volume of 312,975 shares, compared to its average volume of 372,604. The stock's 50-day moving average is $1,199.74 and its two-hundred day moving average is $1,115.34. The company has a market capitalization of $72.61 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 2.53 and a beta of 0.93. O'Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,260.04.

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 (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 firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $10.72 earnings per share. Equities analysts expect that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andrea Weiss sold 600 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of O'Reilly Automotive stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ORLY. Bank of America lifted their target price on O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Truist Financial boosted 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 note on Friday, October 25th. Wedbush restated a "neutral" rating and issued a $1,200.00 price target on shares of O'Reilly Automotive in a research report on Thursday, October 24th. Roth Mkm reaffirmed a "buy" rating and issued a $1,337.00 price target on shares of O'Reilly Automotive in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased 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 analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,248.06.

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.