O’Reilly Automotive, Inc. $ORLY Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,015,325 shares of the specialty retailer’s stock after selling 61,300 shares during the quarter. New York State Common Retirement Fund’s holdings in O’Reilly Automotive were worth $109,462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Sivia Capital Partners LLC boosted its holdings in shares of O’Reilly Automotive by 1,190.5% during the second quarter. Sivia Capital Partners LLC now owns 3,536 shares of the specialty retailer’s stock worth $319,000 after purchasing an additional 3,262 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in O’Reilly Automotive by 1,433.8% during the second quarter. Janney Montgomery Scott LLC now owns 318,703 shares of the specialty retailer’s stock worth $28,725,000 after buying an additional 297,924 shares during the period. Truist Financial Corp boosted its stake in O’Reilly Automotive by 1,696.1% in the 2nd quarter. Truist Financial Corp now owns 314,853 shares of the specialty retailer’s stock worth $28,378,000 after buying an additional 297,323 shares during the last quarter. Cooper Financial Group grew its holdings in O’Reilly Automotive by 860.8% in the 2nd quarter. Cooper Financial Group now owns 4,554 shares of the specialty retailer’s stock valued at $410,000 after buying an additional 4,080 shares during the period. Finally, Institute for Wealth Management LLC. increased its stake in shares of O’Reilly Automotive by 1,392.9% during the 2nd quarter. Institute for Wealth Management LLC. now owns 3,792 shares of the specialty retailer’s stock valued at $342,000 after acquiring an additional 3,538 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In related news, SVP Christopher Andrew Mancini sold 2,355 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total transaction of $238,585.05. Following the sale, the senior vice president directly owned 28 shares in the company, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Philip M. Hopper sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the transaction, the senior vice president directly owned 4,792 shares in the company, valued at $485,190. This trade represents a 42.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,980 shares of company stock worth $882,335. 1.01% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Trading Down 2.5%

Shares of NASDAQ ORLY opened at $98.85 on Friday. The stock has a fifty day moving average price of $95.53 and a 200 day moving average price of $98.97. O’Reilly Automotive, Inc. has a 12-month low of $85.55 and a 12-month high of $108.71. The company has a market cap of $83.44 billion, a P/E ratio of 34.24, a P/E/G ratio of 2.15 and a beta of 0.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ORLY shares. The Goldman Sachs Group set a $121.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Friday, October 24th. Morgan Stanley set a $110.00 price objective on shares of O’Reilly Automotive and gave the company an “overweight” rating in a research note on Thursday, January 15th. Mizuho set a $112.00 target price on O’Reilly Automotive in a research report on Monday, October 20th. Wolfe Research upgraded O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Finally, Evercore ISI set a $110.00 price target on O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $111.80.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do?it?yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.