O’Reilly Automotive, Inc. (NASDAQ:ORLY) Holdings Trimmed by Glenmede Trust Co. NA

Glenmede Trust Co. NA cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 30.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,161 shares of the specialty retailer’s stock after selling 1,368 shares during the quarter. Glenmede Trust Co. NA’s holdings in O’Reilly Automotive were worth $3,640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORLY. Asset Dedication LLC grew 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 during the last quarter. Marks Group Wealth Management Inc boosted its holdings in O’Reilly Automotive by 1.5% during 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 grew 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 during the last quarter. Metis Global Partners LLC increased its holdings 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 valued at $2,145,000 after buying an additional 9 shares in the last quarter. Finally, Marcum Wealth LLC lifted its position in shares of O’Reilly Automotive by 5.1% during the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after acquiring an additional 10 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Price Performance

ORLY opened at $1,243.22 on Friday. The company has a market capitalization of $71.77 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 2.52 and a beta of 0.92. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30. The business has a 50-day moving average of $1,191.32 and a 200-day moving average of $1,109.54.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results 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). The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $10.72 earnings per share. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. DA Davidson restated a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Royal Bank of Canada raised their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Roth Mkm restated a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Finally, Barclays upped their price target on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

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.