Mutual of America Capital Management LLC Reduces Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Mutual of America Capital Management LLC trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,432 shares of the specialty retailer’s stock after selling 318 shares during the period. Mutual of America Capital Management LLC’s holdings in O’Reilly Automotive were worth $7,849,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Frisch Financial Group Inc. purchased a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $353,000. Alpha Financial Partners LLC increased its stake in shares of O’Reilly Automotive by 7.9% during the 2nd quarter. Alpha Financial Partners LLC now owns 232 shares of the specialty retailer’s stock worth $245,000 after purchasing an additional 17 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of O’Reilly Automotive by 21.6% during the 2nd quarter. Moors & Cabot Inc. now owns 925 shares of the specialty retailer’s stock worth $977,000 after purchasing an additional 164 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of O’Reilly Automotive by 39.4% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 662 shares of the specialty retailer’s stock worth $699,000 after purchasing an additional 187 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of O’Reilly Automotive by 15.8% during the 2nd quarter. Quantbot Technologies LP now owns 3,885 shares of the specialty retailer’s stock worth $4,103,000 after purchasing an additional 530 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at O’Reilly Automotive

In related news, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now owns 5,016 shares in the company, valued at approximately $5,698,978.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now owns 5,016 shares in the company, valued at approximately $5,698,978.56. The transaction was disclosed in a document filed 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 transaction, 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. In the last 90 days, insiders have sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Stock Down 1.5 %

Shares of NASDAQ ORLY opened at $1,115.65 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The firm has a fifty day moving average of $1,109.88 and a 200-day moving average of $1,072.23. The stock has a market capitalization of $64.72 billion, a PE ratio of 28.32, a P/E/G ratio of 2.13 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.22 EPS. Equities research analysts expect that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ORLY. Evercore ISI lifted their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Bank of America lifted their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. 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 for the company in a research note on Thursday, July 18th. Wells Fargo & Company lifted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Truist Financial lifted their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.