ProVise Management Group LLC Lowers Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

ProVise Management Group LLC lessened its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,005 shares of the specialty retailer’s stock after selling 10 shares during the period. ProVise Management Group LLC’s holdings in O’Reilly Automotive were worth $1,135,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in O’Reilly Automotive during the 4th quarter valued at approximately $671,384,000. International Assets Investment Management LLC raised its stake 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 valued at $621,025,000 after acquiring an additional 652,924 shares in the last quarter. Wellington Management Group LLP raised its stake in O’Reilly Automotive by 656.2% during the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after acquiring an additional 397,108 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of O’Reilly Automotive by 15.0% during 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 purchasing an additional 183,296 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of O’Reilly Automotive by 269.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 216,787 shares of the specialty retailer’s stock valued at $205,965,000 after purchasing an additional 158,075 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value 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 $726,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated 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 in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

ORLY traded up $14.77 during trading on Friday, reaching $1,042.86. 392,768 shares of the stock traded hands, compared to its average volume of 393,200. The stock has a market cap of $61.41 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 1.92 and a beta of 0.92. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The stock’s 50-day simple moving average is $1,014.65 and its two-hundred day simple moving average is $1,040.75.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $8.28 earnings per share. Research analysts anticipate that O’Reilly Automotive, Inc. will post 41.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ORLY shares. Wells Fargo & Company lowered their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Truist Financial lowered their price target on O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Evercore ISI lowered their price target on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating on the stock in a research report on Tuesday. UBS Group lowered their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Wedbush reiterated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,113.36.

O’Reilly Automotive Company 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.