Mitsubishi UFJ Trust & Banking Corp Trims Stock Position in O’Reilly Automotive, Inc. $ORLY

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 524,844 shares of the specialty retailer’s stock after selling 12,061 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in O’Reilly Automotive were worth $56,583,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. True Wealth Design LLC boosted its stake in O’Reilly Automotive by 127.7% in the third quarter. True Wealth Design LLC now owns 271 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 152 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in shares of O’Reilly Automotive by 1,257.1% in the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 264 shares during the last quarter. HighMark Wealth Management LLC boosted its position in shares of O’Reilly Automotive by 1,400.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 280 shares during the period. Canton Hathaway LLC grew its stake in O’Reilly Automotive by 1,400.0% during the 2nd quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after buying an additional 280 shares during the last quarter. Finally, Westfuller Advisors LLC acquired a new position in O’Reilly Automotive during the third quarter worth approximately $32,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORLY has been the subject of several research analyst reports. Barclays set a $91.00 price objective on O’Reilly Automotive and gave the company an “equal weight” rating in a report on Monday, October 27th. Wolfe Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Truist Financial set a $109.00 price objective on shares of O’Reilly Automotive in a research report on Friday, October 24th. UBS Group restated a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Finally, Morgan Stanley set a $110.00 target price on shares of O’Reilly Automotive and gave the company an “overweight” rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $111.80.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Philip M. Hopper sold 3,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the sale, the senior vice president owned 4,792 shares of the company’s stock, valued at approximately $485,190. The trade was a 42.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total value of $289,375.00. Following the transaction, the director directly owned 8,125 shares of the company’s stock, valued at approximately $752,375. This trade represents a 27.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 8,980 shares of company stock valued at $882,335. 1.01% of the stock is owned by corporate insiders.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $99.23 on Friday. O’Reilly Automotive, Inc. has a one year low of $82.90 and a one year high of $108.71. The company has a market cap of $83.76 billion, a P/E ratio of 34.38, a PEG ratio of 2.11 and a beta of 0.63. The firm has a fifty day moving average of $95.42 and a two-hundred day moving average of $98.79.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $11.41 earnings per share. As a group, equities analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

About O’Reilly Automotive

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.