AE Wealth Management LLC Sells 726 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Posted by Defense World Staff on Sep 22nd, 2023

AE Wealth Management LLC lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,342 shares of the specialty retailer’s stock after selling 726 shares during the period. AE Wealth Management LLC’s holdings in O’Reilly Automotive were worth $3,193,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ORLY. American Century Companies Inc. lifted its position in O’Reilly Automotive by 0.7% in the first quarter. American Century Companies Inc. now owns 33,667 shares of the specialty retailer’s stock worth $28,137,000 after purchasing an additional 222 shares during the period. Allspring Global Investments Holdings LLC lifted its position in O’Reilly Automotive by 2.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 100,421 shares of the specialty retailer’s stock worth $85,256,000 after purchasing an additional 2,586 shares during the period. Diversified Trust Co lifted its stake in O’Reilly Automotive by 75.5% during the first quarter. Diversified Trust Co now owns 951 shares of the specialty retailer’s stock worth $807,000 after purchasing an additional 409 shares during the period. Western Pacific Wealth Management LP boosted its holdings in O’Reilly Automotive by 35.7% during the first quarter. Western Pacific Wealth Management LP now owns 95 shares of the specialty retailer’s stock valued at $81,000 after purchasing an additional 25 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of O’Reilly Automotive by 56.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 46,922 shares of the specialty retailer’s stock valued at $39,836,000 after purchasing an additional 16,932 shares during the period. Institutional investors own 82.92% of the company’s stock.

Insider Buying and Selling

In related news, SVP Wild Tamara F. De sold 549 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were 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 directly owns 349 shares of the company’s stock, valued at $333,469.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Chairman Gregory L. Henslee sold 14,599 shares of the company’s 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 $7,856,972.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Wild Tamara F. De sold 549 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were 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 directly owns 349 shares of the company’s stock, valued at approximately $333,469.50. The disclosure for this sale can be found here. Insiders sold a total of 24,241 shares of company stock valued at $22,733,544 over the last ninety days. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Down 2.0 %

ORLY stock opened at $926.47 on Friday. The company has a market cap of $55.83 billion, a P/E ratio of 25.71, a PEG ratio of 1.85 and a beta of 0.85. O’Reilly Automotive, Inc. has a twelve month low of $680.00 and a twelve month high of $975.72. The business has a fifty day moving average of $942.02 and a 200-day moving average of $913.69.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last released its earnings results on Thursday, July 27th. The specialty retailer reported $10.22 earnings per share for the quarter, topping analysts’ consensus estimates of $10.05 by $0.17. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. O’Reilly Automotive had a negative return on equity of 163.68% and a net margin of 14.84%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.78 earnings per share. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 37.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of analyst reports. Citigroup upped their price target on O’Reilly Automotive from $916.00 to $983.00 in a research report on Monday, July 17th. Barclays upped their target price on shares of O’Reilly Automotive from $868.00 to $954.00 in a report on Friday, July 28th. Wells Fargo & Company lifted their price target on shares of O’Reilly Automotive from $985.00 to $1,075.00 in a report on Thursday, July 20th. Wedbush lifted their price target on shares of O’Reilly Automotive from $920.00 to $940.00 and gave the company a “neutral” rating in a report on Thursday, July 27th. Finally, Evercore ISI lifted their price target on shares of O’Reilly Automotive from $990.00 to $1,010.00 and gave the company an “outperform” rating in a report on Friday, September 8th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $971.40.

View Our Latest Report on ORLY

About O’Reilly Automotive

(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.