Pacer Advisors Inc. reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 40.9% during the first quarter, Holdings Channel reports. The institutional investor owned 82,398 shares of the specialty retailer’s stock after selling 56,953 shares during the period. Pacer Advisors Inc.’s holdings in O’Reilly Automotive were worth $7,606,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in ORLY. Eagle Bay Advisors LLC bought a new position in shares of O’Reilly Automotive in the 4th quarter worth $25,000. Tucker Asset Management LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter valued at $27,000. Whipplewood Advisors LLC grew its holdings in shares of O’Reilly Automotive by 1,552.6% during the first quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 295 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC increased its position in shares of O’Reilly Automotive by 54.3% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 324 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.
O’Reilly Automotive Stock Performance
Shares of ORLY stock opened at $93.44 on Thursday. The company has a market capitalization of $77.44 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 2.01 and a beta of 0.51. O’Reilly Automotive, Inc. has a 52-week low of $82.59 and a 52-week high of $108.71. The company has a 50-day simple moving average of $88.26 and a two-hundred day simple moving average of $91.59.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. DA Davidson set a $106.00 target price on shares of O’Reilly Automotive in a report on Friday, July 31st. Wolfe Research set a $98.00 price target on O’Reilly Automotive in a research note on Wednesday, July 15th. Truist Financial set a $108.00 price objective on O’Reilly Automotive in a report on Thursday, April 30th. Citigroup reissued a “buy” rating and issued a $106.00 price objective (up from $104.00) on shares of O’Reilly Automotive in a research note on Monday. Finally, Raymond James Financial restated an “outperform” rating and issued a $110.00 target price on shares of O’Reilly Automotive in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus target price of $107.94.
View Our Latest Stock Report on O’Reilly Automotive
Insiders Place Their Bets
In related news, SVP Robert Allen Dumas sold 84,600 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $92.60, for a total transaction of $7,833,960.00. Following the completion of the sale, the senior vice president directly owned 1,782 shares of the company’s stock, valued at approximately $165,013.20. This trade represents a 97.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brad W. Beckham sold 13,635 shares of O’Reilly Automotive stock in a transaction on Friday, May 8th. The stock was sold at an average price of $95.00, for a total value of $1,295,325.00. Following the sale, the chief executive officer owned 12,250 shares in the company, valued at $1,163,750. This trade represents a 52.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 102,030 shares of company stock valued at $9,465,368. Insiders own 0.77% of the company’s stock.
About O’Reilly Automotive
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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