Franklin Resources Inc. Sells 54,116 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Franklin Resources Inc. lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,740 shares of the specialty retailer’s stock after selling 54,116 shares during the quarter. Franklin Resources Inc.’s holdings in O’Reilly Automotive were worth $774,859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in O’Reilly Automotive during the second quarter valued at approximately $48,000. Miracle Mile Advisors LLC lifted its position in shares of O’Reilly Automotive by 15.2% during the 2nd quarter. Miracle Mile Advisors LLC now owns 501 shares of the specialty retailer’s stock worth $529,000 after buying an additional 66 shares during the last quarter. Blue Trust Inc. boosted its stake in O’Reilly Automotive by 101.5% in the second quarter. Blue Trust Inc. now owns 691 shares of the specialty retailer’s stock valued at $780,000 after buying an additional 348 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in O’Reilly Automotive by 6.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 228,239 shares of the specialty retailer’s stock valued at $241,034,000 after acquiring an additional 13,532 shares during the last quarter. Finally, Raymond James & Associates raised its stake in O’Reilly Automotive by 3.1% during the second quarter. Raymond James & Associates now owns 110,344 shares of the specialty retailer’s stock worth $116,530,000 after acquiring an additional 3,311 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrea Weiss sold 600 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $1,270.60 on Friday. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,281.95. The business’s 50 day simple moving average is $1,213.13 and its 200 day simple moving average is $1,126.84. The stock has a market capitalization of $73.35 billion, a PE ratio of 31.43, a PEG ratio of 2.57 and a beta of 0.93.

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

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of research analyst reports. TD Cowen raised their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays raised their target price on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Morgan Stanley raised their price objective on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Truist Financial boosted their price objective on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,257.00.

O’Reilly Automotive Company 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.