O’Reilly Automotive, Inc. $ORLY Shares Sold by Summit Global Investments

Summit Global Investments reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 46.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,494 shares of the specialty retailer’s stock after selling 17,810 shares during the quarter. Summit Global Investments’ holdings in O’Reilly Automotive were worth $2,210,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Coastline Trust Co increased its position in O’Reilly Automotive by 4.0% during the third quarter. Coastline Trust Co now owns 2,622 shares of the specialty retailer’s stock worth $283,000 after purchasing an additional 102 shares during the last quarter. IAM Advisory LLC boosted its holdings in O’Reilly Automotive by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 7,312 shares of the specialty retailer’s stock valued at $788,000 after purchasing an additional 114 shares during the last quarter. Abound Wealth Management boosted its holdings in O’Reilly Automotive by 9.6% in the 3rd quarter. Abound Wealth Management now owns 1,375 shares of the specialty retailer’s stock valued at $148,000 after purchasing an additional 121 shares during the last quarter. EWA LLC boosted its holdings in O’Reilly Automotive by 5.1% in the 3rd quarter. EWA LLC now owns 2,559 shares of the specialty retailer’s stock valued at $276,000 after purchasing an additional 124 shares during the last quarter. Finally, Optas LLC grew its stake in shares of O’Reilly Automotive by 3.6% in the 3rd quarter. Optas LLC now owns 3,735 shares of the specialty retailer’s stock valued at $403,000 after buying an additional 129 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Robert W. Baird raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Thursday, December 4th. Wolfe Research upgraded O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. UBS Group reaffirmed a “buy” rating and issued a $120.00 price target (up previously from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. The Goldman Sachs Group set a $121.00 price objective on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Morgan Stanley set a $110.00 target price on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Buy” and a consensus price target of $111.80.

Insider Activity at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 2,355 shares of the company’s stock in a transaction on 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 owned 28 shares of the company’s stock, valued at approximately $2,836.68. This represents a 98.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the completion of the transaction, the director owned 8,125 shares of the company’s stock, valued at approximately $752,375. This trade represents a 27.78% 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. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $98.85 on Friday. 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. The stock has a 50-day moving average of $95.53 and a two-hundred day moving average of $98.97. O’Reilly Automotive, Inc. has a 1-year low of $85.55 and a 1-year high of $108.71.

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.