Wedmont Private Capital Grows Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

by · The Markets Daily

Wedmont Private Capital increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 916 shares of the specialty retailer’s stock after acquiring an additional 28 shares during the period. Wedmont Private Capital’s holdings in O’Reilly Automotive were worth $1,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ORLY. DekaBank Deutsche Girozentrale grew its holdings in O’Reilly Automotive by 11.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 19,296 shares of the specialty retailer’s stock valued at $20,409,000 after purchasing an additional 1,918 shares during the last quarter. Wealthspire Advisors LLC boosted its position in shares of O’Reilly Automotive by 2.4% during the second quarter. Wealthspire Advisors LLC now owns 521 shares of the specialty retailer’s stock valued at $550,000 after buying an additional 12 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of O’Reilly Automotive by 4.3% during the second quarter. Envestnet Asset Management Inc. now owns 222,174 shares of the specialty retailer’s stock valued at $234,629,000 after buying an additional 9,260 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of O’Reilly Automotive by 6.0% in the second quarter. J.W. Cole Advisors Inc. now owns 548 shares of the specialty retailer’s stock worth $579,000 after buying an additional 31 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of O’Reilly Automotive by 79.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 570 shares of the specialty retailer’s stock worth $602,000 after acquiring an additional 253 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,210.14 on Tuesday. The company has a market capitalization of $69.86 billion, a PE ratio of 29.94, a P/E/G ratio of 2.58 and a beta of 0.94. The company has a 50-day simple moving average of $1,223.70 and a two-hundred day simple moving average of $1,157.80. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $10.72 EPS. On average, equities analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Wedbush restated a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Barclays boosted their price objective on shares of O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. BMO Capital Markets assumed coverage on shares of O’Reilly Automotive in a research report on Friday, December 13th. They set an “outperform” rating and a $1,400.00 target price on the stock. Finally, Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,270.69.

Check Out Our Latest Analysis on O’Reilly Automotive

Insider Activity

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Company Profile

(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, 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.

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