Callan Family Office LLC Trims Position in O’Reilly Automotive, Inc. $ORLY

Callan Family Office LLC decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 59,099 shares of the specialty retailer’s stock after selling 5,727 shares during the quarter. Callan Family Office LLC’s holdings in O’Reilly Automotive were worth $6,371,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in ORLY. Vanguard Group Inc. grew its stake in shares of O’Reilly Automotive by 1,404.9% in the 2nd quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock valued at $7,105,396,000 after purchasing an additional 73,596,571 shares during the last quarter. State Street Corp grew its position in O’Reilly Automotive by 1,424.2% in the 2nd quarter. State Street Corp now owns 37,179,783 shares of the specialty retailer’s stock valued at $3,351,014,000 after buying an additional 34,740,553 shares during the last quarter. Geode Capital Management LLC grew its position in O’Reilly Automotive by 1,443.1% in the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock valued at $2,130,866,000 after buying an additional 22,144,563 shares during the last quarter. Bank of New York Mellon Corp raised its position in O’Reilly Automotive by 1,317.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock worth $1,590,894,000 after buying an additional 16,406,181 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of O’Reilly Automotive by 1,820.9% in the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after acquiring an additional 13,382,074 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 2,355 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total transaction of $238,585.05. Following the completion of the transaction, the senior vice president owned 28 shares of the company’s stock, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total transaction of $354,375.00. Following the transaction, the senior vice president directly owned 4,792 shares in the company, valued at $485,190. The trade was a 42.21% decrease in their position. The SEC filing for this sale provides additional information. 1.01% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $98.01 on Tuesday. O’Reilly Automotive, Inc. has a 1-year low of $85.55 and a 1-year high of $108.71. The company has a market capitalization of $82.73 billion, a P/E ratio of 33.95, a PEG ratio of 2.09 and a beta of 0.62. The business has a 50 day moving average price of $95.47 and a 200 day moving average price of $99.16.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $111.00 price target (up from $110.00) on shares of O’Reilly Automotive in a research note on Friday. Wells Fargo & Company set a $115.00 target price on O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Wednesday, January 28th. Truist Financial set a $109.00 price target on O’Reilly Automotive in a research note on Friday, October 24th. Finally, UBS Group reiterated a “buy” rating and issued a $120.00 price objective (up previously from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $111.85.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.