O’Reilly Automotive, Inc. (NASDAQ:ORLY) Position Decreased by Zions Bancorporation N.A.

Zions Bancorporation N.A. reduced its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 19.2% during the second quarter, Holdings Channel reports. The firm owned 311 shares of the specialty retailer’s stock after selling 74 shares during the period. Zions Bancorporation N.A.’s holdings in O’Reilly Automotive were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rise Advisors LLC purchased a new position in O’Reilly Automotive in the 1st quarter worth about $36,000. Newbridge Financial Services Group Inc. acquired a new position in shares of O’Reilly Automotive in the first quarter worth about $37,000. Indiana Trust & Investment Management CO increased its position in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of O’Reilly Automotive during the first quarter valued at approximately $41,000. Finally, Crewe Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $43,000. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,125.48 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 stock’s 50-day moving average is $1,101.72 and its two-hundred day moving average is $1,071.05. The firm has a market cap of $65.29 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the firm posted $10.22 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts expect that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the transaction, the chairman now owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the sale, the chairman now owns 13,347 shares in the company, valued at $15,049,409.85. The disclosure for this sale can be found here. In the last three months, insiders sold 50,411 shares of company stock valued at $56,846,062. Company insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

ORLY has been the topic of several research analyst reports. Truist Financial lifted their price objective on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America lifted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. DA Davidson increased their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company lifted their target price on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Wedbush reissued a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,144.06.

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.