O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,055 shares of the specialty retailer’s stock after selling 4,012 shares during the period. Bank of Montreal Can owned 0.18% of O’Reilly Automotive worth $113,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Evergreen Capital Management LLC raised its holdings in O’Reilly Automotive by 5.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 546 shares of the specialty retailer’s stock valued at $577,000 after acquiring an additional 26 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in O’Reilly Automotive by 9.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 10,195 shares of the specialty retailer’s stock valued at $10,767,000 after acquiring an additional 883 shares during the last quarter. Nippon Life Global Investors Americas Inc. raised its holdings in O’Reilly Automotive by 30.8% in the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 850 shares of the specialty retailer’s stock valued at $898,000 after acquiring an additional 200 shares during the last quarter. DRW Securities LLC acquired a new stake in O’Reilly Automotive in the 2nd quarter valued at about $296,000. Finally, Epoch Investment Partners Inc. raised its holdings in O’Reilly Automotive by 23.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 124,702 shares of the specialty retailer’s stock valued at $131,693,000 after acquiring an additional 23,883 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the firm’s 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 value of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the firm’s 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 value of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were 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 directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. 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 90 days. Company insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of recent research reports. Bank of America increased their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wedbush reissued a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, July 25th. 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 research note on Friday, July 26th. DA Davidson increased their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada dropped 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. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,144.06.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,129.22 on Wednesday. The stock has a market capitalization of $65.51 billion, a P/E ratio of 28.66, a PEG ratio of 2.13 and a beta of 0.92. The company has a 50 day moving average price of $1,114.52 and a 200 day moving average price of $1,072.87. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued 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). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the business earned $10.22 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts forecast that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

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.