O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stock Position Lowered by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,429 shares of the specialty retailer’s stock after selling 42 shares during the quarter. Ritholtz Wealth Management’s holdings in O’Reilly Automotive were worth $2,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. National Bank of Canada FI raised its stake in shares of O’Reilly Automotive by 22.6% in the 3rd quarter. National Bank of Canada FI now owns 42,044 shares of the specialty retailer’s stock worth $37,751,000 after buying an additional 7,762 shares in the last quarter. SignalPoint Asset Management LLC grew its holdings in shares of O’Reilly Automotive by 3.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock valued at $48,567,000 after buying an additional 1,642 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of O’Reilly Automotive by 7.0% during the fourth quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock valued at $1,660,000 after buying an additional 114 shares in the last quarter. LPL Financial LLC grew its holdings in shares of O’Reilly Automotive by 10.8% during the third quarter. LPL Financial LLC now owns 34,746 shares of the specialty retailer’s stock valued at $31,579,000 after buying an additional 3,385 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in O’Reilly Automotive by 9.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 753 shares of the specialty retailer’s stock valued at $715,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wedbush upped their price target on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Royal Bank of Canada upped their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Wells Fargo & Company upped their price target on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Monday. Truist Financial upped their price target on O’Reilly Automotive from $1,080.00 to $1,149.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, TD Cowen upped their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus target price of $1,085.47.

O’Reilly Automotive Stock Down 0.6 %

O’Reilly Automotive stock traded down $6.64 during trading hours on Thursday, hitting $1,128.88. The stock had a trading volume of 292,987 shares, compared to its average volume of 381,275. The company has a 50-day moving average of $1,069.88 and a two-hundred day moving average of $988.83. The company has a market cap of $66.65 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.06 and a beta of 0.86. O’Reilly Automotive, Inc. has a fifty-two week low of $821.61 and a fifty-two week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, beating the consensus estimate of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.37 EPS. As a group, analysts forecast that O’Reilly Automotive, Inc. will post 42.09 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total value of $1,500,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Christopher Andrew Mancini sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Raymond Murphy sold 269 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the sale, the director now owns 950 shares in the company, valued at $987,316. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,468 shares of company stock valued at $28,769,333. Corporate insiders own 1.55% of the company’s stock.

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, Puerto Rico, 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.