O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp decreased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 88.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264 shares of the specialty retailer’s stock after selling 2,015 shares during the period. Atlantic Union Bankshares Corp’s holdings in O’Reilly Automotive were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Rise Advisors LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter worth $36,000. Indiana Trust & Investment Management CO boosted its position in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Riverview Trust Co acquired a new position in shares of O’Reilly Automotive during the 1st quarter worth about $41,000. Washington Trust Advisors Inc. increased its holdings in shares of O’Reilly Automotive by 31.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock valued at $52,000 after acquiring an additional 13 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its position in shares of O’Reilly Automotive by 29.5% during the 4th quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock worth $54,000 after acquiring an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 0.1 %

Shares of NASDAQ ORLY traded down $1.36 during midday trading on Friday, reaching $1,056.06. 585,637 shares of the stock were exchanged, compared to its average volume of 399,279. The company has a market capitalization of $62.19 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.93 and a beta of 0.89. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The stock has a 50 day moving average price of $1,017.01 and a 200-day moving average price of $1,033.48.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $8.28 earnings per share. On average, analysts forecast that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the sale, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ORLY. UBS Group upped their price target on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Mizuho began coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target on the stock. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Wells Fargo & Company cut their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Finally, Truist Financial decreased their target price on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,123.64.

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.