KFG Wealth Management LLC Reduces Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

KFG Wealth Management LLC reduced its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 429 shares of the specialty retailer’s stock after selling 11 shares during the period. KFG Wealth Management LLC’s holdings in O’Reilly Automotive were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in O’Reilly Automotive by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 1,489,353 shares of the specialty retailer’s stock worth $1,262,904,000 after purchasing an additional 26,201 shares during the period. Morgan Stanley raised its holdings in O’Reilly Automotive by 113.8% in the 4th quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock worth $1,007,597,000 after purchasing an additional 635,416 shares during the period. Invesco Ltd. raised its holdings in O’Reilly Automotive by 3.7% in the 3rd quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock worth $807,168,000 after purchasing an additional 31,487 shares during the period. Jennison Associates LLC raised its holdings in O’Reilly Automotive by 8.0% in the 3rd quarter. Jennison Associates LLC now owns 880,855 shares of the specialty retailer’s stock worth $800,574,000 after purchasing an additional 65,534 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in O’Reilly Automotive by 128.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after purchasing an additional 386,822 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ORLY shares. Royal Bank of Canada raised their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a report on Friday, February 9th. UBS Group raised their price target on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday. Barclays lifted their target price on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Wells Fargo & Company lifted their target price on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Finally, The Goldman Sachs Group lifted their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,102.53.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY traded down $10.12 during trading hours on Friday, hitting $1,090.94. 316,380 shares of the company’s stock traded hands, compared to its average volume of 365,833. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The business has a fifty day moving average price of $1,092.68 and a 200-day moving average price of $1,008.14. The firm has a market capitalization of $64.40 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 1.99 and a beta of 0.86.

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

Insider Activity at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares in the company, valued at $228,141,159.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the transaction, the chairman now owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Raymond Murphy sold 269 shares of the business’s 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 transaction of $279,566.32. Following the completion of the transaction, the director now directly owns 950 shares of the company’s stock, valued at approximately $987,316. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,968 shares of company stock worth $27,269,333. Company insiders own 1.55% of the company’s stock.

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, 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.