Pallas Capital Advisors LLC Sells 132 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pallas Capital Advisors LLC trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,619 shares of the specialty retailer’s stock after selling 132 shares during the quarter. Pallas Capital Advisors LLC’s holdings in O’Reilly Automotive were worth $7,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its stake in O’Reilly Automotive by 2.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after purchasing an additional 727 shares in the last quarter. Assetmark Inc. raised its holdings in O’Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after acquiring an additional 3,193 shares during the last quarter. Marshfield Associates boosted its position in O’Reilly Automotive by 0.6% in the second quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock worth $319,866,000 after purchasing an additional 1,718 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of O’Reilly Automotive by 4.7% during the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after purchasing an additional 882 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in shares of O’Reilly Automotive by 9.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 10,195 shares of the specialty retailer’s stock valued at $10,767,000 after acquiring an additional 883 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORLY has been the topic of a number of research reports. Morgan Stanley increased their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Truist Financial increased their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI raised their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. TD Cowen lifted their price objective on 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. Finally, Barclays upped their target price on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the company an “equal weight” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,270.69.

O’Reilly Automotive Price Performance

Shares of ORLY traded up $12.54 during mid-day trading on Monday, reaching $1,210.14. The company had a trading volume of 353,757 shares, compared to its average volume of 331,141. The company’s 50-day moving average is $1,222.65 and its 200-day moving average is $1,156.73. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,283.96. The company has a market capitalization of $69.86 billion, a P/E ratio of 29.94, a P/E/G ratio of 2.58 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the company posted $10.72 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares in the company, valued at $856,849. This trade 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 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.