Valley Wealth Managers Inc. Has $402,000 Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Valley Wealth Managers Inc. raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 16.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 356 shares of the specialty retailer’s stock after purchasing an additional 51 shares during the period. Valley Wealth Managers Inc.’s holdings in O’Reilly Automotive were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in O’Reilly Automotive by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,793,461 shares of the specialty retailer’s stock valued at $2,024,604,000 after purchasing an additional 76,517 shares during the period. Bank of New York Mellon Corp raised its position in shares of O’Reilly Automotive by 15.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock valued at $1,587,784,000 after acquiring an additional 183,296 shares during the period. Jennison Associates LLC raised its position in shares of O’Reilly Automotive by 7.6% in the 4th quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after acquiring an additional 66,629 shares during the period. Norges Bank acquired a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $671,384,000. Finally, International Assets Investment Management LLC raised its holdings in O’Reilly Automotive by 89,319.3% during the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after buying an additional 652,924 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORLY. UBS Group raised their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Mizuho began coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target for the company. Evercore ISI decreased their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Finally, Wells Fargo & Company decreased their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus target price of $1,116.93.

O’Reilly Automotive Price Performance

ORLY traded up $1.98 on Thursday, hitting $1,030.17. 235,232 shares of the stock were exchanged, compared to its average volume of 394,068. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The business has a 50-day moving average of $1,012.17 and a two-hundred day moving average of $1,037.52. The firm has a market capitalization of $60.67 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.88 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. O’Reilly Automotive’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.28 earnings per share. Equities research analysts expect that O’Reilly Automotive, Inc. will post 41.86 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

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.