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

Apollon Wealth Management LLC cut its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,570 shares of the specialty retailer’s stock after selling 120 shares during the period. Apollon Wealth Management LLC’s holdings in O’Reilly Automotive were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Ameritas Investment Partners Inc. grew its position in shares of O’Reilly Automotive by 0.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,460 shares of the specialty retailer’s stock valued at $1,393,000 after buying an additional 17 shares during the last quarter. Regentatlantic Capital LLC grew its position in shares of O’Reilly Automotive by 1.4% in the 2nd quarter. Regentatlantic Capital LLC now owns 1,294 shares of the specialty retailer’s stock valued at $733,000 after buying an additional 18 shares during the last quarter. Farr Miller & Washington LLC DC grew its position in shares of O’Reilly Automotive by 0.6% in the 1st quarter. Farr Miller & Washington LLC DC now owns 3,206 shares of the specialty retailer’s stock valued at $1,626,000 after buying an additional 19 shares during the last quarter. Reilly Financial Advisors LLC grew its position in shares of O’Reilly Automotive by 2.5% in the 2nd quarter. Reilly Financial Advisors LLC now owns 780 shares of the specialty retailer’s stock valued at $442,000 after buying an additional 19 shares during the last quarter. Finally, Boston Private Wealth LLC grew its position in shares of O’Reilly Automotive by 1.5% in the 1st quarter. Boston Private Wealth LLC now owns 1,406 shares of the specialty retailer’s stock valued at $713,000 after buying an additional 21 shares during the last quarter. 79.53% of the stock is currently owned by institutional investors.

In related news, CFO Thomas Mcfall sold 19,784 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 3rd. The stock was sold at an average price of $611.72, for a total transaction of $12,102,268.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David E. Oreilly sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Thursday, August 19th. The stock was sold at an average price of $601.56, for a total transaction of $3,007,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 95,628 shares of company stock valued at $58,150,270 over the last 90 days. Insiders own 2.11% of the company’s stock.

A number of brokerages recently weighed in on ORLY. Bank of America cut shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and set a $680.00 price target for the company. in a research note on Friday, September 17th. They noted that the move was a valuation call. Wedbush increased their price target on shares of O’Reilly Automotive from $540.00 to $590.00 and gave the stock a “neutral” rating in a research note on Thursday, July 29th. Oppenheimer increased their price target on shares of O’Reilly Automotive from $590.00 to $690.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Morgan Stanley cut shares of O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and set a $630.00 price target for the company. in a research note on Friday, August 27th. Finally, Raymond James cut shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating and set a $619.56 price target for the company. in a research note on Tuesday, July 27th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, O’Reilly Automotive has an average rating of “Hold” and an average target price of $586.84.

Shares of ORLY opened at $625.54 on Monday. The company has a 50-day simple moving average of $601.31 and a 200-day simple moving average of $559.38. The company has a quick ratio of 0.19, a current ratio of 0.82 and a debt-to-equity ratio of 17.57. The company has a market capitalization of $43.13 billion, a PE ratio of 22.45, a P/E/G ratio of 1.51 and a beta of 1.08. O’Reilly Automotive, Inc. has a 52-week low of $424.03 and a 52-week high of $629.40.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Tuesday, July 27th. The specialty retailer reported $8.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.28 by $1.05. O’Reilly Automotive had a net margin of 15.94% and a return on equity of 757.31%. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the firm earned $7.10 earnings per share. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 27.65 EPS for the current year.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

Further Reading: What does it mean to hold a stock in street name?

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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