O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,513 shares of the specialty retailer’s stock after selling 11,722 shares during the quarter. Victory Capital Management Inc.’s holdings in O’Reilly Automotive were worth $104,235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ORLY. Trifecta Capital Advisors LLC raised its stake in O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of O’Reilly Automotive during the third quarter valued at approximately $41,000. Crewe Advisors LLC acquired a new stake in O’Reilly Automotive during the first quarter worth approximately $43,000. Kings Path Partners LLC acquired a new stake in O’Reilly Automotive during the second quarter worth approximately $44,000. Finally, ORG Partners LLC purchased a new stake in O’Reilly Automotive in the 2nd quarter worth approximately $48,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Trading Up 0.2 %

Shares of NASDAQ:ORLY opened at $1,238.78 on Thursday. The firm has a market cap of $71.51 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. The company has a fifty day simple moving average of $1,165.19 and a 200 day simple moving average of $1,091.11. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,252.54.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $10.72 EPS. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 40.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ORLY. Evercore ISI raised their price objective on 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. Bank of America upped their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wedbush restated a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Truist Financial increased their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, TD Cowen upped their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

Insiders Place Their Bets

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the transaction, the director now directly owns 141,589 shares in the company, valued at $158,511,717.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,322 shares of company stock valued at $18,280,698 in the last quarter. Insiders own 1.55% of the company’s stock.

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.