Retirement Systems of Alabama Has $14.82 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Retirement Systems of Alabama trimmed its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 57.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,500 shares of the specialty retailer’s stock after selling 16,883 shares during the quarter. Retirement Systems of Alabama’s holdings in O’Reilly Automotive were worth $14,822,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Childress Capital Advisors LLC raised its position in shares of O’Reilly Automotive by 5.0% during the fourth quarter. Childress Capital Advisors LLC now owns 229 shares of the specialty retailer’s stock worth $272,000 after acquiring an additional 11 shares during the last quarter. Fourpath Capital Management LLC lifted its holdings in O’Reilly Automotive by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 2,721 shares of the specialty retailer’s stock worth $3,227,000 after acquiring an additional 16 shares in the last quarter. One Wealth Advisors LLC grew its position in shares of O’Reilly Automotive by 2.5% in the 4th quarter. One Wealth Advisors LLC now owns 664 shares of the specialty retailer’s stock valued at $787,000 after purchasing an additional 16 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of O’Reilly Automotive by 1.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,032 shares of the specialty retailer’s stock valued at $1,224,000 after buying an additional 13 shares during the period. Finally, Catalina Capital Group LLC increased its holdings in O’Reilly Automotive by 3.6% during the 4th quarter. Catalina Capital Group LLC now owns 262 shares of the specialty retailer’s stock worth $311,000 after purchasing an additional 9 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Truist Financial raised their price objective on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Mizuho lifted their target price on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wells Fargo & Company upped their price objective on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Buy” and an average price target of $1,374.88.

O’Reilly Automotive Trading Down 1.1 %

Shares of NASDAQ ORLY opened at $1,316.75 on Friday. The stock has a 50-day moving average price of $1,240.65 and a two-hundred day moving average price of $1,185.54. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,350.27. The company has a market cap of $76.02 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 2.40 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. On average, sell-side analysts predict that O’Reilly Automotive, Inc. will post 40.86 earnings per share for the current year.

Insider Transactions at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction dated 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 represents a 99.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

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.