Swedbank AB Sells 23,499 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Swedbank AB lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 34.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,303 shares of the specialty retailer’s stock after selling 23,499 shares during the quarter. Swedbank AB owned about 0.08% of O’Reilly Automotive worth $51,019,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ORLY. Principal Financial Group Inc. raised its position in shares of O’Reilly Automotive by 3.2% in the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after purchasing an additional 57,194 shares during the period. Bank of New York Mellon Corp lifted its position in O’Reilly Automotive by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock worth $1,505,649,000 after acquiring an additional 19,211 shares during the last quarter. International Assets Investment Management LLC boosted 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 acquiring an additional 853,633 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of O’Reilly Automotive by 28.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after purchasing an additional 133,139 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of O’Reilly Automotive by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock worth $524,629,000 after purchasing an additional 24,767 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is accessible through the SEC website. Insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

ORLY has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. DA Davidson reiterated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. TD Cowen increased their target price 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. Finally, Truist Financial boosted their price target on 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. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Stock Performance

ORLY opened at $1,227.37 on Monday. O’Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,255.30. The firm has a market cap of $70.86 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 2.49 and a beta of 0.92. The firm’s 50-day simple moving average is $1,179.37 and its 200-day simple moving average is $1,102.25.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion during 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 business’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $10.72 EPS. As a group, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

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.