Sumitomo Mitsui Trust Group Inc. Cuts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Sumitomo Mitsui Trust Group Inc. reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 33.6% during the fourth quarter, HoldingsChannel reports. The fund owned 150,301 shares of the specialty retailer’s stock after selling 76,152 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in O’Reilly Automotive were worth $178,227,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ORLY. AlphaMark Advisors LLC bought a new position in shares of O’Reilly Automotive during the fourth quarter valued at $30,000. Darwin Wealth Management LLC bought a new position in shares of O’Reilly Automotive during the third quarter valued at $32,000. Trifecta Capital Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of O’Reilly Automotive during the third quarter valued at $37,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of O’Reilly Automotive during the third quarter valued at $41,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ORLY shares. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. TD Cowen upped their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Guggenheim increased their target price on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a report on Friday. Finally, Roth Mkm reissued a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,374.88.

O’Reilly Automotive Stock Down 1.1 %

NASDAQ ORLY opened at $1,316.75 on Friday. The stock’s 50-day moving average price is $1,240.65 and its 200-day moving average price is $1,185.54. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,350.27. The company has a market capitalization of $76.02 billion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 2.40 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. Research analysts anticipate that O’Reilly Automotive, Inc. will post 40.86 EPS for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, 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 completion of the transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrea Weiss sold 600 shares of the firm’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 transaction, the director now owns 700 shares of the company’s stock, valued at $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

O’Reilly Automotive Company 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.