BNP PARIBAS ASSET MANAGEMENT Holding S.A. Trims Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,056 shares of the specialty retailer’s stock after selling 672 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in O’Reilly Automotive were worth $13,884,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in O’Reilly Automotive by 99,957.0% during the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after purchasing an additional 853,633 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of O’Reilly Automotive by 10,626.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after purchasing an additional 482,670 shares during the period. Marshall Wace LLP lifted its stake in shares of O’Reilly Automotive by 809.8% during the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock valued at $96,078,000 after buying an additional 80,978 shares in the last quarter. Swedbank AB bought a new position in O’Reilly Automotive in the 1st quarter worth $73,661,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in O’Reilly Automotive in the 2nd quarter worth $63,793,000. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,227.37 on Friday. The company has a market cap of $70.86 billion, a P/E ratio of 30.37, a P/E/G ratio of 2.44 and a beta of 0.92. The business’s 50 day moving average price is $1,179.37 and its 200-day moving average price is $1,101.68. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30.

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

Insider Activity at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Evercore ISI boosted their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Wedbush reaffirmed a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. Truist Financial boosted their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Barclays upped their target price on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

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.