Bank OZK lessened its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 80.2% in the second quarter, Holdings Channel reports. The fund owned 4,297 shares of the specialty retailer’s stock after selling 17,451 shares during the quarter. Bank OZK’s holdings in O’Reilly Automotive were worth $396,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. Empirical Finance LLC grew its stake in shares of O’Reilly Automotive by 3.0% during the 2nd quarter. Empirical Finance LLC now owns 32,192 shares of the specialty retailer’s stock valued at $2,965,000 after purchasing an additional 951 shares during the period. Nykredit A S bought a new position in shares of O’Reilly Automotive in the 2nd quarter worth approximately $34,040,000. Corient Private Wealth LP lifted its stake in shares of O’Reilly Automotive by 46.0% in the 2nd quarter. Corient Private Wealth LP now owns 1,077,091 shares of the specialty retailer’s stock worth $99,189,000 after purchasing an additional 339,465 shares during the period. Formuepleje A S purchased a new position in shares of O’Reilly Automotive in the second quarter worth approximately $1,126,000. Finally, Wellington Grp LLC boosted its holdings in shares of O’Reilly Automotive by 5.9% in the second quarter. Wellington Grp LLC now owns 12,625 shares of the specialty retailer’s stock worth $1,163,000 after buying an additional 699 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Trading Down 2.3%
Shares of ORLY traded down $2.00 during trading hours on Tuesday, reaching $85.89. 8,076,607 shares of the stock traded hands, compared to its average volume of 6,522,817. The company has a market cap of $69.48 billion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 2.18 and a beta of 0.52. The company’s 50-day moving average price is $88.98 and its two-hundred day moving average price is $90.54. O’Reilly Automotive, Inc. has a 52-week low of $82.59 and a 52-week high of $108.71.
Wall Street Analyst Weigh In
A number of brokerages have commented on ORLY. TD Cowen reduced their target price on shares of O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating for the company in a report on Friday, July 31st. Weiss Ratings cut shares of O’Reilly Automotive from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Raymond James Financial reissued an “outperform” rating and set a $110.00 price objective on shares of O’Reilly Automotive in a research report on Friday, July 31st. Wolfe Research set a $98.00 price objective on O’Reilly Automotive in a research note on Wednesday, July 15th. Finally, Robert W. Baird set a $100.00 target price on O’Reilly Automotive in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.24.
Get Our Latest Analysis on ORLY
Insider Activity at O’Reilly Automotive
In related news, Director Maria Sastre sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $91.85, for a total value of $183,700.00. Following the transaction, the director directly owned 14,970 shares of the company’s stock, valued at approximately $1,374,994.50. The trade was a 11.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Hendrickson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $87.83, for a total value of $87,830.00. Following the completion of the transaction, the director owned 18,675 shares of the company’s stock, valued at $1,640,225.25. The trade was a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 6,000 shares of company stock valued at $550,530. 0.77% of the stock is owned by company insiders.
O’Reilly Automotive Profile
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.
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