Overbrook Management Corp Has $10.99 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Overbrook Management Corp cut its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,266 shares of the specialty retailer’s stock after selling 410 shares during the quarter. O’Reilly Automotive makes up about 2.4% of Overbrook Management Corp’s holdings, making the stock its 17th biggest position. Overbrook Management Corp’s holdings in O’Reilly Automotive were worth $10,988,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ORLY. Brighton Jones LLC grew its position in shares of O’Reilly Automotive by 3.0% in the second quarter. Brighton Jones LLC now owns 647 shares of the specialty retailer’s stock valued at $683,000 after purchasing an additional 19 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in O’Reilly Automotive by 12.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,507 shares of the specialty retailer’s stock valued at $2,648,000 after purchasing an additional 283 shares during the period. AE Wealth Management LLC grew its holdings in O’Reilly Automotive by 7.0% in the 2nd quarter. AE Wealth Management LLC now owns 960 shares of the specialty retailer’s stock valued at $1,014,000 after buying an additional 63 shares during the last quarter. Thrivent Financial for Lutherans increased its position in O’Reilly Automotive by 0.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 30,811 shares of the specialty retailer’s stock worth $32,539,000 after buying an additional 172 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of O’Reilly Automotive by 278.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 60,253 shares of the specialty retailer’s stock worth $63,631,000 after buying an additional 44,347 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ORLY shares. Evercore ISI raised their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company raised their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of 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. Truist Financial lifted their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada upped their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,270.69.

Insider Activity

In other news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,216.79 on Monday. The stock’s fifty day moving average is $1,223.72 and its 200-day moving average is $1,161.74. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,283.96. The stock has a market capitalization of $70.25 billion, a PE ratio of 30.10, a PEG ratio of 2.23 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the company earned $10.72 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal 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.