Truist Financial Corp has a $28 million position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Truist Financial Corp reduced its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 25.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 26,510 shares of the specialty retailer’s stock after selling 9,030 shares during the period. Truist Financial Corp’s holdings in O’Reilly Automotive were worth $27,996,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the 1st quarter worth about $36,000. Indiana Trust & Investment Management CO lifted its position in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Riverview Trust Co bought a new stake in shares of O’Reilly Automotive in the first quarter worth about $41,000. Crewe Advisors LLC purchased a new position in shares of O’Reilly Automotive in the first quarter valued at approximately $43,000. Finally, Kings Path Partners LLC acquired a new position in shares of O’Reilly Automotive in the second quarter valued at about $44,000. Institutional investors and hedge funds own 85.00% of the company’s shares.

Wall Street analysts weigh in

Several analysts recently issued reports on the company. Bank of America boosted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wedbush restated a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, July 25th. UBS Group cut their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. DA Davidson boosted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company upped their target price on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd . Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,144.06, according to MarketBeat.com.

Get the latest research report on O’Reilly Automotive

O’Reilly Automotive stock fell 0.5%

Shares of O’Reilly Automotive stock opened at $1,149.31 on Friday. The stock has a market cap of $66.67 billion, a PE ratio of 29.17, a P/E/G ratio of 2.18 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The company’s 50-day moving average price is $1,128.56, and its two-hundred-day moving average price is $1,075.70.

O’Reilly Automotive (NASDAQ:ORLY – Get Your Free Report ) last released its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. In the same quarter last year, the company earned $10.22 per share. O’Reilly Automotive’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts expect O’Reilly Automotive, Inc. to post 41.13 earnings per share for the current year.

Insider activity at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the transaction, the chairman now owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the sale, the chairman now directly owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock worth $56,846,062 over the last 90 days. 1.55% of shares are owned by corporate insiders.

O’Reilly Automotive Company Profile

(Free Report)

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive 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, transmission 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.

Further reading

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