Victory Capital Management Inc. Sells 11,722 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Victory Capital Management Inc. lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,513 shares of the specialty retailer’s stock after selling 11,722 shares during the period. Victory Capital Management Inc. owned 0.16% of O’Reilly Automotive worth $104,235,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Dedication LLC raised its position in shares of O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after purchasing an additional 9 shares during the last quarter. Marks Group Wealth Management Inc increased its stake in shares of O’Reilly Automotive by 1.5% during the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock worth $697,000 after purchasing an additional 9 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of O’Reilly Automotive by 8.5% in the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after acquiring an additional 9 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its stake in O’Reilly Automotive by 2.6% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after purchasing an additional 10 shares during the last quarter. Finally, Marcum Wealth LLC grew its stake in O’Reilly Automotive by 5.1% during the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,238.78 on Thursday. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,252.54. The firm has a fifty day moving average of $1,165.19 and a two-hundred day moving average of $1,091.11. The company has a market cap of $71.51 billion, a P/E ratio of 30.65, a PEG ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.72 EPS. As a group, equities analysts predict that O’Reilly Automotive, Inc. will post 40.81 earnings per share for the current year.

Analysts Set New Price Targets

ORLY has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays upped their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Wedbush reiterated a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were 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 SEC, which can be accessed through this hyperlink. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,322 shares of company stock worth $18,280,698. 1.55% of the stock is owned by corporate insiders.

About O’Reilly Automotive

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.