O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.3% during the fourth quarter, HoldingsChannel reports. The firm owned 45,059 shares of the specialty retailer’s stock after selling 2,526 shares during the period. New York State Teachers Retirement System’s holdings in O’Reilly Automotive were worth $53,431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ORLY. Assetmark Inc. raised its stake in O’Reilly Automotive by 20.8% during the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after buying an additional 3,193 shares in the last quarter. Annex Advisory Services LLC raised its stake in O’Reilly Automotive by 23.2% during the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock valued at $40,349,000 after buying an additional 6,418 shares in the last quarter. CIBC Asset Management Inc raised its stake in O’Reilly Automotive by 4.7% during the third quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after buying an additional 882 shares in the last quarter. Montecito Bank & Trust acquired a new stake in O’Reilly Automotive during the fourth quarter valued at approximately $365,000. Finally, Eastern Bank acquired a new stake in O’Reilly Automotive during the third quarter valued at approximately $19,786,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In other news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the completion of the sale, the senior vice president now owns 275 shares in the company, valued at approximately $364,375. This represents a 64.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maria Sastre sold 248 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total value of $326,410.16. Following the sale, the director now owns 971 shares of the company’s stock, valued at $1,278,001.07. This trade represents a 20.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,968 shares of company stock worth $2,492,394. Insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ORLY. BMO Capital Markets upped their target price on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a report on Monday, February 10th. TD Cowen upped their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Guggenheim upped their target price on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Truist Financial upped their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Buy” and an average target price of $1,390.81.

O’Reilly Automotive Price Performance

ORLY opened at $1,318.80 on Friday. The company has a market capitalization of $76.13 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,350.27. The business has a 50 day moving average price of $1,248.55 and a two-hundred day moving average price of $1,194.23.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Equities analysts expect that O’Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal year.

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.