Middleton & Co. Inc. MA Decreases Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Middleton & Co. Inc. MA trimmed its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,043 shares of the specialty retailer’s stock after selling 400 shares during the period. O’Reilly Automotive comprises about 2.1% of Middleton & Co. Inc. MA’s investment portfolio, making the stock its 10th biggest position. Middleton & Co. Inc. MA’s holdings in O’Reilly Automotive were worth $17,998,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Rise Advisors LLC bought a new stake in O’Reilly Automotive in the 1st quarter valued at $36,000. Indiana Trust & Investment Management CO increased its holdings in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 26 shares during the last quarter. Riverview Trust Co bought a new stake in shares of O’Reilly Automotive in the first quarter worth about $41,000. Crewe Advisors LLC bought a new position in O’Reilly Automotive during the first quarter valued at approximately $43,000. Finally, Kings Path Partners LLC purchased a new position in O’Reilly Automotive during the 2nd quarter valued at approximately $44,000. Institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the completion of the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the firm’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 transaction of $20,593,573.20. Following the sale, the chairman now directly owns 13,347 shares in the company, valued at approximately $15,049,409.85. 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. 1.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ORLY. Royal Bank of Canada cut their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Bank of America upped their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on 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. Truist Financial lifted their target price 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. Finally, UBS Group cut their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,144.06.

O’Reilly Automotive Trading Up 0.5 %

Shares of ORLY opened at $1,133.19 on Thursday. The firm has a market cap of $65.74 billion, a PE ratio of 28.76, a P/E/G ratio of 2.13 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The stock has a fifty day moving average price of $1,108.23 and a 200-day moving average price of $1,071.93.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) 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 company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $10.22 earnings per share. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

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.