Sequoia Financial Advisors LLC Increases Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Sequoia Financial Advisors LLC raised its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,700 shares of the specialty retailer’s stock after purchasing an additional 66 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in O’Reilly Automotive were worth $1,795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC acquired a new stake in O’Reilly Automotive during the 1st quarter valued at $36,000. Newbridge Financial Services Group Inc. bought a new stake in shares of O’Reilly Automotive in the first quarter worth $37,000. Indiana Trust & Investment Management CO raised its holdings in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. Riverview Trust Co bought a new stake in O’Reilly Automotive in the first quarter valued at about $41,000. Finally, Crewe Advisors LLC bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at about $43,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORLY has been the topic of several recent research reports. Evercore ISI lowered their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. UBS Group dropped their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Wells Fargo & Company decreased their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. DA Davidson increased their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Truist Financial boosted their price objective on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Four research 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,130.67.

Insiders Place Their Bets

In other news, Director Dana Perlman sold 48 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive 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 owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dana Perlman sold 48 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. The disclosure for this sale can be found here. Insiders sold 35,589 shares of company stock worth $39,989,614 over the last three months. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Trading Down 0.5 %

Shares of NASDAQ ORLY traded down $5.61 during midday trading on Tuesday, hitting $1,115.46. The company’s stock had a trading volume of 59,721 shares, compared to its average volume of 395,203. The stock has a fifty day moving average price of $1,053.70 and a 200 day moving average price of $1,057.37. The firm has a market capitalization of $65.69 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter in the previous year, the business earned $10.22 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post 41.14 earnings per share for the current fiscal year.

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.