Allspring Global Investments Holdings LLC grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 2.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,421 shares of the specialty retailer’s stock after buying an additional 2,586 shares during the period. Allspring Global Investments Holdings LLC owned 0.16% of O’Reilly Automotive worth $85,256,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the company. Venture Visionary Partners LLC grew its holdings in shares of O’Reilly Automotive by 14.7% in the first quarter. Venture Visionary Partners LLC now owns 1,258 shares of the specialty retailer’s stock valued at $1,068,000 after purchasing an additional 161 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of O’Reilly Automotive by 84.9% in the first quarter. Exchange Traded Concepts LLC now owns 1,640 shares of the specialty retailer’s stock valued at $1,392,000 after purchasing an additional 753 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of O’Reilly Automotive by 66.3% in the first quarter. Vontobel Holding Ltd. now owns 1,836 shares of the specialty retailer’s stock valued at $1,559,000 after purchasing an additional 732 shares during the period. First National Bank of Mount Dora Trust Investment Services purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at about $1,537,000. Finally, Elk River Wealth Management LLC grew its holdings in shares of O’Reilly Automotive by 10.0% in the first quarter. Elk River Wealth Management LLC now owns 9,357 shares of the specialty retailer’s stock valued at $7,944,000 after purchasing an additional 854 shares during the period. Hedge funds and other institutional investors own 85.08% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on ORLY. DA Davidson upped their price objective on shares of O’Reilly Automotive from $975.00 to $1,050.00 in a report on Friday, April 28th. Wedbush increased their target price on shares of O’Reilly Automotive from $820.00 to $920.00 in a research note on Thursday, April 27th. Barclays increased their target price on shares of O’Reilly Automotive from $815.00 to $868.00 in a research note on Monday, May 1st. Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $925.00 to $985.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Finally, UBS Group increased their target price on shares of O’Reilly Automotive from $940.00 to $1,055.00 in a research note on Friday, April 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $933.38.
O’Reilly Automotive Trading Down 0.8 %
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its earnings results on Thursday, April 27th. The specialty retailer reported $8.28 EPS for the quarter, topping the consensus estimate of $8.00 by $0.28. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.58 billion. O’Reilly Automotive had a net margin of 14.90% and a negative return on equity of 176.66%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $7.17 EPS. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post 37.19 earnings per share for the current year.
Insider Buying and Selling
In related news, EVP Thomas Mcfall sold 20,849 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $926.96, for a total value of $19,326,189.04. Following the sale, the executive vice president now directly owns 5,901 shares in the company, valued at approximately $5,469,990.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Thomas Mcfall sold 20,849 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $926.96, for a total value of $19,326,189.04. Following the sale, the executive vice president now directly owns 5,901 shares in the company, valued at approximately $5,469,990.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey Alan Lauro sold 740 shares of the business’s stock in a transaction dated Friday, April 14th. The stock was sold at an average price of $890.00, for a total transaction of $658,600.00. Following the completion of the sale, the senior vice president now owns 773 shares in the company, valued at $687,970. The disclosure for this sale can be found here. Insiders have sold 45,183 shares of company stock worth $42,243,407 in the last three months. Corporate insiders own 1.55% of the company’s stock.
O’Reilly Automotive 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 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.
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