Deseret Mutual Benefit Administrators Sells 64 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Deseret Mutual Benefit Administrators reduced its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 17.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 304 shares of the specialty retailer’s stock after selling 64 shares during the period. Deseret Mutual Benefit Administrators’ holdings in O’Reilly Automotive were worth $350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ORLY. Graypoint LLC lifted its holdings in shares of O’Reilly Automotive by 7.7% during the third quarter. Graypoint LLC now owns 350 shares of the specialty retailer’s stock valued at $403,000 after acquiring an additional 25 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of O’Reilly Automotive by 5.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 547 shares of the specialty retailer’s stock worth $630,000 after purchasing an additional 27 shares in the last quarter. Umpqua Bank bought a new position in O’Reilly Automotive during the 3rd quarter valued at about $255,000. Catalina Capital Group LLC boosted its position in O’Reilly Automotive by 9.1% in the third quarter. Catalina Capital Group LLC now owns 253 shares of the specialty retailer’s stock valued at $291,000 after buying an additional 21 shares in the last quarter. Finally, Marks Group Wealth Management Inc grew its stake in O’Reilly Automotive by 1.5% during the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock worth $697,000 after buying an additional 9 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company increased their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. UBS Group cut 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 report on Thursday, July 18th. Finally, TD Cowen increased their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Stock Up 6.2 %

ORLY stock opened at $1,234.15 on Thursday. O’Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,239.65. The company has a market cap of $71.59 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 2.35 and a beta of 0.92. The business’s fifty day moving average is $1,157.95 and its 200-day moving average is $1,086.81.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $10.72 EPS. Research analysts anticipate that O’Reilly Automotive, Inc. will post 40.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now directly owns 183,583 shares in the company, valued at approximately $205,407,347.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,322 shares of company stock valued at $18,280,698 in the last 90 days. 1.18% of the stock is owned by insiders.

O’Reilly Automotive Profile

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.