Kentucky Retirement Systems Sells 48 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Kentucky Retirement Systems cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,438 shares of the specialty retailer’s stock after selling 48 shares during the quarter. Kentucky Retirement Systems’ holdings in O’Reilly Automotive were worth $4,687,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Gilbert & Cook Inc. raised its holdings in O’Reilly Automotive by 7.3% in the 4th quarter. Gilbert & Cook Inc. now owns 1,257 shares of the specialty retailer’s stock valued at $1,194,000 after acquiring an additional 86 shares during the period. Brown Advisory Inc. grew its position in shares of O’Reilly Automotive by 4.6% in the fourth quarter. Brown Advisory Inc. now owns 1,538 shares of the specialty retailer’s stock valued at $1,461,000 after purchasing an additional 67 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $498,000. D.A. Davidson & CO. lifted its holdings in O’Reilly Automotive by 11.3% during the 4th quarter. D.A. Davidson & CO. now owns 2,621 shares of the specialty retailer’s stock worth $2,490,000 after purchasing an additional 266 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in O’Reilly Automotive by 5.3% in the 4th quarter. CreativeOne Wealth LLC now owns 397 shares of the specialty retailer’s stock valued at $377,000 after purchasing an additional 20 shares during the period. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,115.65 on Friday. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. The stock has a market capitalization of $64.72 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. The stock has a fifty day moving average of $1,109.88 and a 200-day moving average of $1,072.23.

O’Reilly Automotive (NASDAQ:ORLY) last issued its 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 negative return on equity of 146.57% and a net margin of 14.57%. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the previous year, the firm posted $10.22 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, research analysts forecast that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive 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 sale, the chairman now owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dana Perlman sold 48 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 in the last quarter. Insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ORLY. UBS Group lowered their price objective 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. Wells Fargo & Company lifted their price objective on shares of 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 boosted their price objective 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. Bank of America raised 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. Finally, Evercore ISI lifted their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,144.06.

O’Reilly Automotive Company 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.