Argent Capital Management LLC Sells 651 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Argent Capital Management LLC decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,565 shares of the specialty retailer’s stock after selling 651 shares during the period. O’Reilly Automotive accounts for 1.4% of Argent Capital Management LLC’s portfolio, making the stock its 26th largest position. Argent Capital Management LLC owned approximately 0.07% of O’Reilly Automotive worth $46,007,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Nordea Investment Management AB boosted its stake in O’Reilly Automotive by 3.8% in the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock worth $68,327,000 after purchasing an additional 2,214 shares in the last quarter. Bank Pictet & Cie Asia Ltd. bought a new position in shares of O’Reilly Automotive in the second quarter worth approximately $800,000. O Shaughnessy Asset Management LLC grew its holdings in shares of O’Reilly Automotive by 5.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock valued at $16,723,000 after buying an additional 701 shares during the last quarter. Perpetual Ltd increased its position in shares of O’Reilly Automotive by 322.6% during the first quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock valued at $1,289,000 after acquiring an additional 871 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in O’Reilly Automotive by 656.2% in the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after acquiring an additional 397,108 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Down 1.0 %

NASDAQ:ORLY traded down $11.10 during mid-day trading on Friday, hitting $1,116.57. 256,526 shares of the company traded hands, compared to its average volume of 391,621. The stock’s fifty day moving average price is $1,078.08 and its 200-day moving average price is $1,062.46. The firm has a market cap of $65.76 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year 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 company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter last year, the firm posted $10.22 earnings per share. The company’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 Ratings Changes

Several brokerages have commented on ORLY. Wells Fargo & Company increased their target price 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. Royal Bank of Canada reduced their price objective 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. UBS Group lowered their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Truist Financial raised their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Evercore ISI boosted their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average target price of $1,144.06.

Insider Activity

In other news, Director Dana Perlman sold 48 shares of the business’s 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 directly owns 1,097 shares in the company, valued at $1,217,406.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dana Perlman sold 48 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. The disclosure for this sale can be found here. Insiders have sold 50,354 shares of company stock worth $56,518,687 in the last three months. Company insiders own 1.55% of the company’s stock.

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.