O'Reilly Automotive, Inc. (NASDAQ:ORLY) Holdings Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 0.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 226,453 shares of the specialty retailer's stock after selling 1,786 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.39% of O'Reilly Automotive worth $260,783,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Trifecta Capital Advisors LLC raised its stake in shares of O'Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock worth $33,000 after buying an additional 23 shares during the period. Princeton Global Asset Management LLC purchased a new position in O'Reilly Automotive during the third quarter valued at $41,000. Crewe Advisors LLC acquired a new stake in shares of O'Reilly Automotive in the first quarter valued at about $43,000. Kings Path Partners LLC purchased a new stake in shares of O'Reilly Automotive during the second quarter worth about $44,000. Finally, ORG Partners LLC acquired a new position in O'Reilly Automotive in the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insiders Place Their Bets

In other O'Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the company's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction 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 other news, Chairman David E. Oreilly sold 1,000 shares of the firm's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the sale, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O'Reilly Automotive stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. 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.

Analyst Ratings Changes

Several brokerages have recently weighed in on ORLY. TD Cowen boosted their target price on O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Morgan Stanley boosted their price objective on 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. JPMorgan Chase & Co. raised their target price on 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. 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 report on Friday, October 25th. Finally, Evercore ISI boosted 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. Four equities research 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,242.13.

O'Reilly Automotive Stock Up 0.2 %

NASDAQ:ORLY traded up $1.93 during trading hours on Wednesday, reaching $1,238.78. 280,232 shares of the company's stock were exchanged, compared to its average volume of 374,848. O'Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,252.54. The firm has a market capitalization of $71.51 billion, a price-to-earnings ratio of 30.79, a P/E/G ratio of 2.51 and a beta of 0.92. The company has a 50-day moving average of $1,165.19 and a 200 day moving average of $1,091.11.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the company posted $10.72 EPS. O'Reilly Automotive's quarterly revenue was up 3.8% on a year-over-year basis. Research analysts forecast that O'Reilly Automotive, Inc. will post 40.81 EPS for the current fiscal year.

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.