MAI Capital Management decreased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 14.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,075 shares of the specialty retailer’s stock after selling 178 shares during the period. MAI Capital Management’s holdings in O’Reilly Automotive were worth $913,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in ORLY. Ancora Advisors LLC purchased a new stake in O’Reilly Automotive in the 4th quarter valued at approximately $30,000. Venturi Wealth Management LLC acquired a new position in O’Reilly Automotive during the first quarter worth $31,000. HHM Wealth Advisors LLC purchased a new position in O’Reilly Automotive in the first quarter worth $33,000. Arlington Partners LLC lifted its holdings in O’Reilly Automotive by 616.7% in the first quarter. Arlington Partners LLC now owns 43 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 37 shares during the period. Finally, Compass Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 85.08% of the company’s stock.
Analysts Set New Price Targets
ORLY has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of O’Reilly Automotive from $975.00 to $988.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Truist Financial lifted their price target on shares of O’Reilly Automotive from $992.00 to $1,038.00 in a research report on Wednesday, July 12th. Wedbush upped their price target on O’Reilly Automotive from $920.00 to $940.00 and gave the stock a “neutral” rating in a report on Thursday, July 27th. StockNews.com assumed coverage on O’Reilly Automotive in a report on Thursday. They set a “buy” rating for the company. Finally, Citigroup boosted their target price on O’Reilly Automotive from $916.00 to $983.00 in a research report on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $967.40.
Insider Buying and Selling
In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 14,599 shares of O’Reilly Automotive stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $937.81, for a total value of $13,691,088.19. Following the completion of the sale, the chairman now owns 8,378 shares in the company, valued at approximately $7,856,972.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Gregory L. Henslee sold 200 shares of O’Reilly Automotive stock in a transaction on Friday, August 4th. The stock was sold at an average price of $935.20, for a total value of $187,040.00. Following the transaction, the chairman now owns 8,378 shares in the company, valued at $7,835,105.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Gregory L. Henslee sold 14,599 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $937.81, for a total value of $13,691,088.19. Following the sale, the chairman now directly owns 8,378 shares of the company’s stock, valued at approximately $7,856,972.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,182 shares of company stock worth $21,721,196. 1.55% of the stock is owned by company insiders.
O’Reilly Automotive Price Performance
Shares of NASDAQ ORLY opened at $938.00 on Monday. The company has a 50-day simple moving average of $940.17 and a 200-day simple moving average of $897.24. The company has a market cap of $56.52 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. O’Reilly Automotive, Inc. has a 12 month low of $680.00 and a 12 month high of $975.72.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last released its earnings results on Thursday, July 27th. The specialty retailer reported $10.22 EPS for the quarter, topping the consensus estimate of $10.05 by $0.17. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 163.68%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the company earned $8.78 EPS. O’Reilly Automotive’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 37.65 EPS for the current year.
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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