Retirement Systems of Alabama Reduces Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Retirement Systems of Alabama decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,438 shares of the specialty retailer’s stock after selling 619 shares during the period. Retirement Systems of Alabama’s holdings in O’Reilly Automotive were worth $30,819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Steward Financial Group LLC grew its holdings in O’Reilly Automotive by 141.7% during the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 17 shares in the last quarter. Carmel Capital Partners LLC grew its holdings in O’Reilly Automotive by 1,750.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 35 shares in the last quarter. Arlington Trust Co LLC acquired a new position in O’Reilly Automotive during the 3rd quarter worth $39,000. Washington Trust Advisors Inc. grew its holdings in O’Reilly Automotive by 31.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock worth $52,000 after acquiring an additional 13 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in O’Reilly Automotive by 29.5% during the 4th quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock worth $54,000 after acquiring an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 1.0 %

O’Reilly Automotive stock opened at $1,043.93 on Monday. The firm has a 50-day moving average price of $1,097.20 and a two-hundred day moving average price of $1,016.90. The firm has a market capitalization of $61.62 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.91 and a beta of 0.86. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the business posted $8.28 EPS. O’Reilly Automotive’s revenue was up 7.2% on a year-over-year basis. Research analysts expect that O’Reilly Automotive, Inc. will post 41.79 earnings per share for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the sale, the director now directly owns 950 shares in the company, valued at approximately $987,316. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the sale, the director now directly owns 950 shares in the company, valued at approximately $987,316. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,968 shares of company stock worth $27,269,333. 1.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wedbush reissued a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday. Evercore ISI decreased their price target on shares of O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada lifted their price target on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Truist Financial decreased their price target on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a report on Friday. Finally, StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,110.07.

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.