Kentucky Retirement Systems Sells 55 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Kentucky Retirement Systems cut its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,986 shares of the specialty retailer’s stock after selling 55 shares during the period. Kentucky Retirement Systems’ holdings in O’Reilly Automotive were worth $4,727,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AlphaMark Advisors LLC purchased a new position in O’Reilly Automotive during the 4th quarter worth $30,000. Kestra Investment Management LLC purchased a new stake in O’Reilly Automotive in the fourth quarter valued at about $32,000. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive in the third quarter worth about $32,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of O’Reilly Automotive during the third quarter worth about $37,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of O’Reilly Automotive during the third quarter valued at about $41,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of recent analyst reports. TD Cowen lifted their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Barclays lifted their price target on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Trading Down 0.7 %

Shares of NASDAQ:ORLY opened at $1,303.41 on Friday. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,350.27. The business has a 50 day moving average of $1,253.69 and a two-hundred day moving average of $1,201.75. The company has a market capitalization of $75.25 billion, a PE ratio of 32.06, a PEG ratio of 2.31 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. Equities research analysts predict that O’Reilly Automotive, Inc. will post 44.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brad W. Beckham sold 833 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the transaction, the chief executive officer now directly owns 760 shares of the company’s stock, valued at approximately $988,000. The trade was a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,201 shares of company stock worth $2,840,852. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive 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.