Thrivent Financial for Lutherans Buys 172 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Thrivent Financial for Lutherans boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,811 shares of the specialty retailer’s stock after purchasing an additional 172 shares during the quarter. Thrivent Financial for Lutherans owned about 0.05% of O’Reilly Automotive worth $32,539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in shares of O’Reilly Automotive by 1.7% in the second quarter. Sei Investments Co. now owns 116,586 shares of the specialty retailer’s stock valued at $123,125,000 after purchasing an additional 1,917 shares during the period. AE Wealth Management LLC raised its holdings in O’Reilly Automotive by 7.0% in the 2nd quarter. AE Wealth Management LLC now owns 960 shares of the specialty retailer’s stock worth $1,014,000 after acquiring an additional 63 shares during the period. King Luther Capital Management Corp raised its holdings in 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 period. Canada Pension Plan Investment Board lifted its position in O’Reilly Automotive by 23.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 81,783 shares of the specialty retailer’s stock worth $86,368,000 after acquiring an additional 15,703 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of O’Reilly Automotive by 12.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,507 shares of the specialty retailer’s stock valued at $2,648,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. DA Davidson boosted their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wedbush reissued a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Evercore ISI boosted 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 report on Thursday, August 22nd. Truist Financial increased their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada dropped their price objective 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. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,144.06.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $1,119.84 on Tuesday. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The business has a fifty day moving average of $1,112.81 and a two-hundred day moving average of $1,072.55. The stock has a market cap of $64.96 billion, a PE ratio of 28.42, a PEG ratio of 2.15 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 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 firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the firm earned $10.22 earnings per share. O’Reilly Automotive’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts predict that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

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

O’Reilly Automotive Profile

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.