O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stock Position Raised by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 325.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34 shares of the specialty retailer’s stock after purchasing an additional 26 shares during the period. Indiana Trust & Investment Management CO’s holdings in O’Reilly Automotive were worth $38,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ORLY. Jennison Associates LLC grew its stake in O’Reilly Automotive by 7.6% during the 4th quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after acquiring an additional 66,629 shares in the last quarter. Norges Bank acquired a new stake in shares of O’Reilly Automotive during the fourth quarter worth approximately $671,384,000. International Assets Investment Management LLC grew its position in O’Reilly Automotive by 89,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after purchasing an additional 652,924 shares in the last quarter. Wellington Management Group LLP increased its stake in O’Reilly Automotive by 656.2% in the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after buying an additional 397,108 shares during the period. Finally, Baird Financial Group Inc. lifted its position in O’Reilly Automotive by 12.0% in the 4th quarter. Baird Financial Group Inc. now owns 394,714 shares of the specialty retailer’s stock worth $375,010,000 after buying an additional 42,379 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,056.06 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The firm has a fifty day moving average price of $1,017.01 and a two-hundred day moving average price of $1,033.48. The firm has a market cap of $62.19 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 1.94 and a beta of 0.89.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.28 EPS. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ORLY. UBS Group boosted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Evercore ISI boosted their target price on O’Reilly Automotive from $1,265.00 to $1,275.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Wells Fargo & Company cut their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Wedbush reissued a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Finally, Truist Financial cut their price objective on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,123.64.

Insider Transactions at O’Reilly Automotive

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares of the company’s stock, valued at approximately $726,740. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

About O’Reilly Automotive

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.