Parallel Advisors LLC Sells 15 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Parallel Advisors LLC decreased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 631 shares of the specialty retailer’s stock after selling 15 shares during the quarter. Parallel Advisors LLC’s holdings in O’Reilly Automotive were worth $667,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ORLY. Vanguard Group Inc. increased its holdings in shares of O’Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock worth $5,739,462,000 after purchasing an additional 75,837 shares during the last quarter. Principal Financial Group Inc. grew its holdings in O’Reilly Automotive by 3.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after buying an additional 57,194 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in O’Reilly Automotive by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after buying an additional 19,211 shares in the last quarter. JPMorgan Chase & Co. increased its stake in O’Reilly Automotive by 56.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after acquiring an additional 376,167 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of O’Reilly Automotive during the 4th quarter worth approximately $671,384,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,130.72 on Tuesday. The stock has a 50-day simple moving average of $1,103.88 and a 200-day simple moving average of $1,071.20. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The stock has a market capitalization of $65.59 billion, a PE ratio of 28.70, a PEG ratio of 2.13 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 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $10.22 EPS. Analysts predict that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

Insiders Place Their Bets

In other news, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction dated 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 transaction, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the chairman now directly owns 13,347 shares in the company, valued at approximately $15,049,409.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ORLY shares. Evercore ISI boosted their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. DA Davidson boosted 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 raised their price objective 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. Royal Bank of Canada cut their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Finally, Truist Financial raised their price target on 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. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,144.06.

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.