Aviva PLC Has $15.67 Million Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Aviva PLC cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 69.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,876 shares of the specialty retailer’s stock after selling 52,227 shares during the period. Aviva PLC’s holdings in O’Reilly Automotive were worth $15,669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tcwp LLC acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $264,000. CIBC Asset Management Inc raised its holdings in shares of O’Reilly Automotive by 2.2% in the first quarter. CIBC Asset Management Inc now owns 14,067 shares of the specialty retailer’s stock valued at $9,635,000 after purchasing an additional 308 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in O’Reilly Automotive by 7.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 10,215 shares of the specialty retailer’s stock worth $6,996,000 after buying an additional 712 shares during the last quarter. Parallel Advisors LLC increased its holdings in O’Reilly Automotive by 9.3% during the first quarter. Parallel Advisors LLC now owns 550 shares of the specialty retailer’s stock worth $383,000 after buying an additional 47 shares during the last quarter. Finally, Veriti Management LLC increased its holdings in O’Reilly Automotive by 11.5% during the first quarter. Veriti Management LLC now owns 561 shares of the specialty retailer’s stock worth $384,000 after buying an additional 58 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. MKM Partners boosted their target price on shares of O’Reilly Automotive from $700.00 to $770.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Royal Bank of Canada lowered their target price on shares of O’Reilly Automotive from $806.00 to $795.00 in a report on Friday, July 29th. Citigroup boosted their target price on shares of O’Reilly Automotive from $662.00 to $720.00 in a report on Thursday, July 28th. Truist Financial decreased their price objective on shares of O’Reilly Automotive from $788.00 to $770.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Finally, Wells Fargo & Company decreased their price objective on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating on the stock in a report on Wednesday, June 8th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $758.43.

O’Reilly Automotive Stock Up 0.6 %

ORLY opened at $728.64 on Friday. O’Reilly Automotive, Inc. has a twelve month low of $562.90 and a twelve month high of $750.88. The company has a 50-day simple moving average of $697.88 and a 200 day simple moving average of $670.12. The stock has a market capitalization of $46.14 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 1.79 and a beta of 0.99.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share for the quarter, missing the consensus estimate of $8.98 by ($0.20). O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the company earned $8.33 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 31.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman David E. Oreilly sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $723.11, for a total transaction of $10,846,650.00. Following the completion of the sale, the chairman now owns 279,582 shares of the company’s stock, valued at $202,168,540.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman David E. Oreilly sold 15,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $723.11, for a total value of $10,846,650.00. Following the completion of the transaction, the chairman now owns 279,582 shares of the company’s stock, valued at $202,168,540.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory D. Johnson sold 300 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $750.19, for a total transaction of $225,057.00. Following the completion of the transaction, the chief executive officer now directly owns 4,671 shares of the company’s stock, valued at approximately $3,504,137.49. The disclosure for this sale can be found here. Insiders sold 51,444 shares of company stock valued at $37,192,687 over the last quarter. 1.73% of the stock is owned by company insiders.

O’Reilly Automotive Profile

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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. 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.

Further Reading

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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