Litman Gregory Wealth Management LLC Purchases 662 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Litman Gregory Wealth Management LLC grew its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 32.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,698 shares of the specialty retailer’s stock after purchasing an additional 662 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in O’Reilly Automotive were worth $2,563,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fortune Financial Advisors LLC raised its holdings in O’Reilly Automotive by 2.4% in the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock worth $2,325,000 after purchasing an additional 57 shares in the last quarter. SignalPoint Asset Management LLC raised its holdings in O’Reilly Automotive by 3.3% in the 4th quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock worth $48,567,000 after purchasing an additional 1,642 shares in the last quarter. NewEdge Wealth LLC raised its holdings in O’Reilly Automotive by 13.6% in the 4th quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock worth $32,509,000 after purchasing an additional 4,101 shares in the last quarter. HB Wealth Management LLC raised its holdings in O’Reilly Automotive by 7.0% in the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock worth $1,660,000 after purchasing an additional 114 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in O’Reilly Automotive by 10.8% in the 3rd quarter. LPL Financial LLC now owns 34,746 shares of the specialty retailer’s stock worth $31,579,000 after purchasing an additional 3,385 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the sale, the chairman now owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the sale, the director now owns 950 shares of the company’s stock, valued at approximately $987,316. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the sale, the chairman now directly owns 216,539 shares in the company, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Insiders have sold a total of 25,968 shares of company stock valued at $27,269,333 in the last 90 days. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Price Performance

ORLY stock traded down $10.12 during trading on Friday, hitting $1,090.94. 316,380 shares of the 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 firm’s 50 day moving average is $1,093.98 and its two-hundred day moving average is $1,009.47. The stock has a market cap of $64.40 billion, a price-to-earnings ratio of 28.35, 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 data 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 company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. O’Reilly Automotive’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $8.37 EPS. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 42.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial upped their price objective on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. UBS Group upped their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday. Mizuho assumed coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 target price on the stock. Barclays upped their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Company upped their target price on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,102.53.

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.