RWA Wealth Partners LLC Acquires New Shares in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

RWA Wealth Partners LLC bought a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 6,649 shares of the specialty retailer’s stock, valued at approximately $6,317,000.

Other institutional investors also recently modified their holdings of the company. Groesbeck Investment Management Corp NJ increased its holdings in O’Reilly Automotive by 0.7% during the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after buying an additional 10 shares during the last quarter. Lindbrook Capital LLC lifted its position in O’Reilly Automotive by 3.9% during the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after purchasing an additional 10 shares during the period. Caprock Group LLC boosted its position in shares of O’Reilly Automotive by 2.4% during the 3rd quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock worth $432,000 after acquiring an additional 11 shares in the last quarter. Western Pacific Wealth Management LP boosted its holdings in shares of O’Reilly Automotive by 11.6% in the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock valued at $96,000 after purchasing an additional 11 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in O’Reilly Automotive by 2.4% in the third quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock valued at $418,000 after acquiring an additional 11 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research reports. UBS Group increased their target price on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Truist Financial upped their price target on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Wedbush lifted their price objective on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Barclays increased 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 note on Thursday, January 4th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,115.19.

Insider Activity at O’Reilly Automotive

In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the transaction, the chief financial officer now owns 2,335 shares of the company’s stock, valued at $2,400,380. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman David E. Oreilly sold 10,000 shares of O’Reilly Automotive stock in a transaction on Friday, February 16th. The stock was 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 $228,141,159.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the sale, the chief financial officer now owns 2,335 shares in the company, valued at $2,400,380. 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 over the last 90 days. Insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $1,091.46 on Tuesday. The business’s 50 day simple moving average is $1,095.28 and its two-hundred day simple moving average is $1,012.45. The firm has a market cap of $64.43 billion, a P/E ratio of 28.36, a PEG ratio of 1.98 and a beta of 0.86. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. The company had revenue of $3.83 billion for 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%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $8.37 earnings per share. On average, equities analysts forecast that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current fiscal year.

O’Reilly Automotive 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.