Intech Investment Management LLC Has $16.38 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Intech Investment Management LLC decreased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 25.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,511 shares of the specialty retailer’s stock after selling 5,312 shares during the quarter. Intech Investment Management LLC’s holdings in O’Reilly Automotive were worth $16,381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in shares of O’Reilly Automotive in the first quarter valued at approximately $36,000. Indiana Trust & Investment Management CO boosted its stake 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 valued at $38,000 after buying an additional 26 shares during the period. Riverview Trust Co bought a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $41,000. Crewe Advisors LLC bought a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $43,000. Finally, Kings Path Partners LLC bought a new stake in shares of O’Reilly Automotive in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,115.65 on Friday. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. The stock has a market capitalization of $64.72 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 2.13 and a beta of 0.92. The stock has a fifty day moving average of $1,109.88 and a 200-day moving average of $1,072.23.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The company had revenue of $4.27 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.22 earnings per share. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

Insider Activity at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction dated Tuesday, July 30th. The stock was 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 directly owns 265 shares in the company, valued at approximately $296,800. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the sale, the chairman now owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock worth $56,846,062 over the last three months. Company insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ORLY shares. Wells Fargo & Company boosted their price target 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. Truist Financial boosted their price target on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wedbush restated a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Bank of America upped 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 note on Thursday, August 22nd. Finally, UBS Group cut their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average price target of $1,144.06.

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.