American Century Companies Inc. Has $28.14 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Posted by Defense World Staff on Aug 30th, 2023

American Century Companies Inc. lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,667 shares of the specialty retailer’s stock after buying an additional 222 shares during the quarter. American Century Companies Inc. owned about 0.05% of O’Reilly Automotive worth $28,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ancora Advisors LLC bought a new position in O’Reilly Automotive during the fourth quarter worth $30,000. Venturi Wealth Management LLC bought a new position in O’Reilly Automotive during the first quarter worth $31,000. HHM Wealth Advisors LLC bought a new position in O’Reilly Automotive during the first quarter worth $33,000. Arlington Partners LLC increased its position in O’Reilly Automotive by 616.7% during the first quarter. Arlington Partners LLC now owns 43 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 37 shares during the period. Finally, Compass Wealth Management LLC bought a new position in O’Reilly Automotive during the fourth quarter worth $38,000. 82.92% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Up 1.3 %

Shares of ORLY stock opened at $946.62 on Wednesday. O’Reilly Automotive, Inc. has a 12-month low of $680.00 and a 12-month high of $975.72. The company has a market capitalization of $57.04 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.86 and a beta of 0.86. The firm has a 50-day moving average price of $943.24 and a 200 day moving average price of $903.82.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $10.22 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.01 billion. During the same period last year, the firm posted $8.78 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, research analysts expect that O’Reilly Automotive, Inc. will post 37.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wedbush boosted their target price on shares of O’Reilly Automotive from $920.00 to $940.00 and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Truist Financial boosted their target price on shares of O’Reilly Automotive from $992.00 to $1,038.00 in a research report on Wednesday, July 12th. Barclays boosted their price target on shares of O’Reilly Automotive from $868.00 to $954.00 in a report on Friday, July 28th. Wells Fargo & Company boosted their price target on shares of O’Reilly Automotive from $985.00 to $1,075.00 in a report on Thursday, July 20th. Finally, Roth Mkm boosted their price target on shares of O’Reilly Automotive from $940.00 to $995.00 and gave the company a “buy” rating in a report on Friday, May 12th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $967.40.

Check Out Our Latest Stock Report on O’Reilly Automotive

Insider Transactions at O’Reilly Automotive

In other news, Director Andrea Weiss sold 200 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $931.34, for a total transaction of $186,268.00. Following the transaction, the director now directly owns 1,127 shares in the company, valued at $1,049,620.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Gregory L. Henslee sold 14,599 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $937.81, for a total transaction of $13,691,088.19. Following the completion of the sale, the chairman now directly owns 8,378 shares of the company’s stock, valued at $7,856,972.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrea Weiss sold 200 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $931.34, for a total transaction of $186,268.00. Following the sale, the director now directly owns 1,127 shares of the company’s stock, valued at $1,049,620.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,632 shares of company stock worth $21,206,671. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Company Profile

(Free Report)

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.