Bleakley Financial Group LLC Sells 11 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Bleakley Financial Group LLC reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,141 shares of the specialty retailer’s stock after selling 11 shares during the period. Bleakley Financial Group LLC’s holdings in O’Reilly Automotive were worth $1,314,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in O’Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after buying an additional 75,837 shares during the last quarter. Principal Financial Group Inc. raised its holdings in O’Reilly Automotive by 3.2% during the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock worth $1,954,404,000 after acquiring an additional 57,194 shares in the last quarter. Bank of New York Mellon Corp boosted its position in O’Reilly Automotive by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after purchasing an additional 19,211 shares during the last quarter. JPMorgan Chase & Co. grew its stake in O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after purchasing an additional 376,167 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of O’Reilly Automotive by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock worth $524,629,000 after purchasing an additional 24,767 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ORLY shares. Bank of America boosted 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 report on Thursday, August 22nd. Truist Financial boosted their price objective 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 Monday, October 14th. UBS Group cut 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. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company upped their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average price target of $1,206.87.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,210.96 on Monday. The stock’s fifty day moving average price is $1,142.14 and its two-hundred day moving average price is $1,078.34. The firm has a market cap of $71.32 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,221.05.

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 analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the business posted $10.22 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.1 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders 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.