Fulton Bank N.A. Has $2.31 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Fulton Bank N.A. reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,950 shares of the specialty retailer’s stock after selling 25 shares during the period. Fulton Bank N.A.’s holdings in O’Reilly Automotive were worth $2,312,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ORLY. Private Advisor Group LLC boosted its position in shares of O’Reilly Automotive by 1.1% during the second quarter. Private Advisor Group LLC now owns 2,421 shares of the specialty retailer’s stock worth $2,557,000 after purchasing an additional 26 shares in the last quarter. Acadian Asset Management LLC raised its stake in O’Reilly Automotive by 152.7% during the 2nd quarter. Acadian Asset Management LLC now owns 2,145 shares of the specialty retailer’s stock worth $2,262,000 after buying an additional 1,296 shares during the period. Caprock Group LLC lifted its holdings in O’Reilly Automotive by 123.6% during the second quarter. Caprock Group LLC now owns 986 shares of the specialty retailer’s stock worth $1,042,000 after acquiring an additional 545 shares in the last quarter. Quest Partners LLC grew its stake in O’Reilly Automotive by 390.5% in the second quarter. Quest Partners LLC now owns 618 shares of the specialty retailer’s stock valued at $653,000 after acquiring an additional 492 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of O’Reilly Automotive in the second quarter worth about $113,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of research reports. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Truist Financial boosted their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 1st. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus target price of $1,269.31.

Insiders Place Their Bets

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated 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 $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Trading Up 0.5 %

Shares of ORLY opened at $1,205.74 on Thursday. O’Reilly Automotive, Inc. has a 12 month low of $921.25 and a 12 month high of $1,283.96. The firm’s 50 day moving average is $1,220.58 and its 200-day moving average is $1,154.15. The stock has a market capitalization of $69.61 billion, a PE ratio of 29.83, a P/E/G ratio of 2.58 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company 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% on a year-over-year basis. During the same period in the prior year, the firm earned $10.72 earnings per share. Equities research analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

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.