Amalgamated Bank Cuts Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Amalgamated Bank lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,579 shares of the specialty retailer’s stock after selling 89 shares during the period. Amalgamated Bank’s holdings in O’Reilly Automotive were worth $13,284,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the 1st quarter worth $36,000. Indiana Trust & Investment Management CO raised its stake in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the period. Riverview Trust Co bought a new position in shares of O’Reilly Automotive in the first quarter worth about $41,000. Crewe Advisors LLC purchased a new position in shares of O’Reilly Automotive during the 1st quarter valued at about $43,000. Finally, LifeSteps Financial Inc. bought a new position in shares of O’Reilly Automotive during the 1st quarter valued at approximately $45,000. Institutional investors own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,133.19 on Thursday. The company has a market cap of $65.74 billion, a P/E ratio of 28.76, a PEG ratio of 2.13 and a beta of 0.92. The firm has a 50-day simple moving average of $1,108.23 and a two-hundred day simple moving average of $1,071.93. 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 posted its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $10.22 EPS. As a group, equities research analysts expect that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. DA Davidson boosted their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Wedbush reissued a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 25th. Evercore ISI raised their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Royal Bank of Canada reduced their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, Wells Fargo & Company increased their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,144.06.

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.