Mackenzie Financial Corp Sells 303 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Mackenzie Financial Corp cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,823 shares of the specialty retailer’s stock after selling 303 shares during the period. Mackenzie Financial Corp owned approximately 0.12% of O’Reilly Automotive worth $71,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in shares of O’Reilly Automotive by 656.2% during the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after purchasing an additional 397,108 shares during the period. JPMorgan Chase & Co. raised its holdings in O’Reilly Automotive by 56.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after buying an additional 376,167 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in O’Reilly Automotive by 4,574.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 129,145 shares of the specialty retailer’s stock worth $122,698,000 after buying an additional 126,382 shares during the period. Global Assets Advisory LLC bought a new position in O’Reilly Automotive in the first quarter valued at approximately $108,456,000. Finally, Winslow Capital Management LLC boosted its holdings in shares of O’Reilly Automotive by 28.1% in the fourth quarter. Winslow Capital Management LLC now owns 387,555 shares of the specialty retailer’s stock valued at $368,208,000 after buying an additional 84,940 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now directly owns 1,097 shares in the company, valued at approximately $1,217,406.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock worth $56,846,062 in the last ninety days. 1.55% of the stock is owned by insiders.

O’Reilly Automotive Stock Down 1.2 %

ORLY stock opened at $1,146.03 on Friday. The company’s 50-day moving average price is $1,119.14 and its two-hundred day moving average price is $1,073.95. The firm has a market cap of $67.49 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.13 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11.

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

Analyst Upgrades and Downgrades

ORLY has been the topic of several recent research reports. Truist Financial lifted 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 issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Evercore ISI lifted their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased 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. Finally, Royal Bank of Canada cut their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.