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

Cornerstone Wealth Group LLC acquired a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 215 shares of the specialty retailer’s stock, valued at approximately $243,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new position in O’Reilly Automotive during the first quarter worth $36,000. Indiana Trust & Investment Management CO lifted its stake in O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 26 shares in the last quarter. Riverview Trust Co acquired a new position in O’Reilly Automotive during the first quarter worth $41,000. Washington Trust Advisors Inc. lifted its stake in O’Reilly Automotive by 31.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 13 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in O’Reilly Automotive by 29.5% during the fourth quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 13 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the sale, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY stock traded down $1.36 during mid-day trading on Friday, hitting $1,056.06. 585,662 shares of the stock were exchanged, compared to its average volume of 476,104. The stock’s fifty day simple moving average is $1,017.01 and its two-hundred day simple moving average is $1,033.90. The stock has a market capitalization of $62.19 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 1.94 and a beta of 0.89. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $8.28 earnings per share. On average, research analysts expect that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

ORLY has been the topic of a number of research reports. StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Truist Financial reduced their price objective on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Wells Fargo & Company reduced their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Finally, UBS Group increased their price objective on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,123.64.

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.