Allspring Global Investments Holdings LLC Sells 17,700 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Allspring Global Investments Holdings LLC cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 25.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,010 shares of the specialty retailer’s stock after selling 17,700 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of O’Reilly Automotive worth $58,714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of O’Reilly Automotive during the 4th quarter worth $671,384,000. International Assets Investment Management LLC grew its stake in O’Reilly Automotive by 89,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after buying an additional 652,924 shares in the last quarter. Wellington Management Group LLP raised its position in shares of 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 valued at $434,780,000 after buying an additional 397,108 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of O’Reilly Automotive by 269.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 216,787 shares of the specialty retailer’s stock worth $205,965,000 after acquiring an additional 158,075 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of 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 acquiring an additional 126,382 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,037.06 on Wednesday. The business has a 50-day moving average of $1,015.51 and a 200-day moving average of $1,034.72. The company has a market capitalization of $61.07 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter last year, the business earned $8.28 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 41.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ORLY. Evercore ISI lowered their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating for the company in a research report on Tuesday. Wedbush reiterated a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, April 25th. UBS Group raised their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Mizuho started coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $1,116.93.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive 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 sale, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

About O’Reilly Automotive

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.