Empower Advisory Group LLC purchased a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 348 shares of the specialty retailer’s stock, valued at approximately $302,000.
Other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC acquired a new position in O’Reilly Automotive during the fourth quarter worth $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 acquired a new position in O’Reilly Automotive during the first quarter worth $33,000. Arlington Partners LLC raised its holdings 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 purchasing an additional 37 shares during the last quarter. Finally, Compass Wealth Management LLC acquired a new position in O’Reilly Automotive during the fourth quarter worth $38,000. 82.92% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at O’Reilly Automotive
In other O’Reilly Automotive news, SVP Wild Tamara F. De sold 549 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $955.50, for a total transaction of $524,569.50. Following the completion of the sale, the senior vice president now owns 349 shares of the company’s stock, valued at $333,469.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Lawrence P. Oreilly sold 1,060 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $945.57, for a total value of $1,002,304.20. Following the completion of the sale, the director now owns 157,764 shares of the company’s stock, valued at $149,176,905.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Wild Tamara F. De sold 549 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $955.50, for a total value of $524,569.50. Following the completion of the sale, the senior vice president now directly owns 349 shares of the company’s stock, valued at approximately $333,469.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,241 shares of company stock valued at $22,733,544. Company insiders own 1.55% of the company’s stock.
O’Reilly Automotive Stock Down 1.1 %
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The specialty retailer reported $10.22 EPS for the quarter, beating analysts’ consensus estimates of $10.05 by $0.17. O’Reilly Automotive had a negative return on equity of 163.68% and a net margin of 14.84%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the business earned $8.78 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Sell-side analysts expect that O’Reilly Automotive, Inc. will post 37.61 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on ORLY shares. Barclays lifted their price objective on O’Reilly Automotive from $868.00 to $954.00 in a report on Friday, July 28th. William Blair began coverage on O’Reilly Automotive in a report on Thursday, August 3rd. They set an “outperform” rating for the company. Truist Financial boosted their price target on O’Reilly Automotive from $992.00 to $1,038.00 in a report on Wednesday, July 12th. Citigroup boosted their price target on O’Reilly Automotive from $916.00 to $983.00 in a report on Monday, July 17th. Finally, Wedbush boosted 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. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $971.40.
View Our Latest Research Report on ORLY
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 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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