Toroso Investments LLC reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 30.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,468 shares of the specialty retailer’s stock after selling 1,539 shares during the period. Toroso Investments LLC’s holdings in O’Reilly Automotive were worth $2,944,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. 3Chopt Investment Partners LLC purchased a new stake in O’Reilly Automotive in the 1st quarter valued at about $1,143,000. Abacus Wealth Partners LLC acquired a new position in O’Reilly Automotive during the first quarter worth $647,000. SkyView Investment Advisors LLC purchased a new position in shares of O’Reilly Automotive during the first quarter worth $39,000. Centaurus Financial Inc. acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at $115,000. Finally, Advisory Services Network LLC raised its holdings in shares of O’Reilly Automotive by 6.1% in the 1st quarter. Advisory Services Network LLC now owns 3,571 shares of the specialty retailer’s stock valued at $3,032,000 after buying an additional 205 shares during the period. 82.92% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on ORLY shares. Barclays raised their target price on O’Reilly Automotive from $868.00 to $954.00 in a report on Friday, July 28th. Wells Fargo & Company lifted their price objective on shares of O’Reilly Automotive from $985.00 to $1,075.00 in a report on Thursday, July 20th. Citigroup increased their target price on shares of O’Reilly Automotive from $916.00 to $983.00 in a report on Monday, July 17th. Royal Bank of Canada boosted their price target on shares of O’Reilly Automotive from $975.00 to $988.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Evercore ISI raised their price target on O’Reilly Automotive from $990.00 to $1,010.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $971.40.
O’Reilly Automotive Stock Performance
O’Reilly Automotive stock opened at $940.68 on Friday. O’Reilly Automotive, Inc. has a one year low of $680.00 and a one year high of $975.72. The stock’s 50 day moving average price is $943.98 and its 200 day moving average price is $910.43. The firm has a market capitalization of $56.68 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.88 and a beta of 0.85.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last announced its earnings results on Thursday, July 27th. The specialty retailer reported $10.22 earnings per share 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 business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the firm earned $8.78 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, analysts forecast that O’Reilly Automotive, Inc. will post 37.64 earnings per share for the current fiscal year.
Insider Transactions at O’Reilly Automotive
In related news, Director Andrea Weiss sold 200 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $931.34, for a total value of $186,268.00. Following the completion of the transaction, the director now owns 1,127 shares of the company’s stock, valued at $1,049,620.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other O’Reilly Automotive news, Director Andrea Weiss sold 200 shares of the company’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 value of $186,268.00. Following the transaction, the director now directly owns 1,127 shares of the company’s stock, valued at approximately $1,049,620.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Wild Tamara F. De sold 549 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $955.50, for a total value of $524,569.50. Following the transaction, the senior vice president now owns 349 shares of the company’s stock, valued at $333,469.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,241 shares of company stock valued at $22,733,544. 1.55% of the stock is currently owned by insiders.
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 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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