Ensign Peak Advisors Inc Decreases Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ensign Peak Advisors Inc cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 196,671 shares of the specialty retailer’s stock after selling 10,787 shares during the quarter. Ensign Peak Advisors Inc owned 0.33% of O’Reilly Automotive worth $207,696,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Westwood Holdings Group Inc. raised its position in O’Reilly Automotive by 5.5% during the second quarter. Westwood Holdings Group Inc. now owns 81,373 shares of the specialty retailer’s stock valued at $85,935,000 after purchasing an additional 4,278 shares during the period. Thrivent Financial for Lutherans boosted its stake in O’Reilly Automotive by 0.6% during the second quarter. Thrivent Financial for Lutherans now owns 30,811 shares of the specialty retailer’s stock worth $32,539,000 after buying an additional 172 shares during the period. Sei Investments Co. increased its position in O’Reilly Automotive by 1.7% during the second quarter. Sei Investments Co. now owns 116,586 shares of the specialty retailer’s stock valued at $123,125,000 after acquiring an additional 1,917 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of O’Reilly Automotive by 7.0% in the second quarter. AE Wealth Management LLC now owns 960 shares of the specialty retailer’s stock valued at $1,014,000 after acquiring an additional 63 shares during the period. Finally, King Luther Capital Management Corp lifted its holdings in shares of O’Reilly Automotive by 1.2% in the 2nd quarter. King Luther Capital Management Corp now owns 147,721 shares of the specialty retailer’s stock worth $156,002,000 after acquiring an additional 1,751 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,109.05 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The firm has a market capitalization of $64.34 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.15 and a beta of 0.92. The business’s 50-day moving average is $1,111.26 and its 200 day moving average is $1,072.45.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results 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 analyst estimates of $4.32 billion. During the same quarter in the previous year, the company posted $10.22 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ORLY. Wells Fargo & Company increased their price target on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI raised their price target 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. UBS Group lowered their price objective 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 report on Thursday, July 18th. Royal Bank of Canada decreased their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Truist Financial raised their price objective on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,144.06.

Insider Activity

In related news, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the sale, the chairman now owns 13,347 shares in the company, valued at $15,049,409.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the transaction, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,411 shares of company stock valued at $56,846,062. Company insiders own 1.55% of the company’s stock.

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.