Kentucky Retirement Systems Insurance Trust Fund Cuts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,949 shares of the specialty retailer’s stock after selling 159 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in O’Reilly Automotive were worth $2,200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ORLY. Rise Advisors LLC purchased a new position in O’Reilly Automotive in the 1st quarter worth $36,000. Newbridge Financial Services Group Inc. bought a new position in O’Reilly Automotive during the 1st quarter worth approximately $37,000. Indiana Trust & Investment Management CO increased its stake in O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 26 shares during the period. Riverview Trust Co bought a new stake in O’Reilly Automotive in the first quarter valued at approximately $41,000. Finally, Crewe Advisors LLC purchased a new stake in shares of O’Reilly Automotive during the first quarter valued at approximately $43,000. 85.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank of Canada decreased their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday. DA Davidson boosted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday. Truist Financial increased their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday. Wedbush reissued a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday. Finally, UBS Group lowered their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,130.67.

O’Reilly Automotive Price Performance

ORLY stock traded up $17.40 during midday trading on Friday, hitting $1,110.31. The stock had a trading volume of 549,923 shares, compared to its average volume of 376,880. The business has a 50-day moving average of $1,021.36 and a two-hundred day moving average of $1,046.96. The firm has a market cap of $65.39 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 2.08 and a beta of 0.92. 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 released its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the company earned $10.22 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts predict that O’Reilly Automotive, Inc. will post 41.07 earnings per share for the current year.

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.