Meeder Asset Management Inc. Sells 5,145 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Meeder Asset Management Inc. trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 87.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 746 shares of the specialty retailer’s stock after selling 5,145 shares during the quarter. Meeder Asset Management Inc.’s holdings in O’Reilly Automotive were worth $859,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Asset Dedication LLC increased its stake in shares of O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after purchasing an additional 9 shares in the last quarter. Marks Group Wealth Management Inc increased its position in O’Reilly Automotive by 1.5% in the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock worth $697,000 after buying an additional 9 shares in the last quarter. Venturi Wealth Management LLC increased its position in O’Reilly Automotive by 8.5% in the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock worth $132,000 after buying an additional 9 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of O’Reilly Automotive by 0.5% in the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock worth $2,145,000 after buying an additional 9 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its position in shares of O’Reilly Automotive by 2.6% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after buying an additional 10 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,200.59 on Wednesday. The business has a 50 day simple moving average of $1,174.11 and a two-hundred day simple moving average of $1,098.28. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,255.30. The firm has a market capitalization of $69.31 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 2.46 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data 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). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the firm earned $10.72 EPS. O’Reilly Automotive’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on ORLY shares. Truist Financial raised their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. TD Cowen raised their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wedbush restated a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $1,242.13.

Insider Buying and Selling

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.18% of the stock is currently owned by insiders.

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.