Checchi Capital Advisers LLC Increases Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Checchi Capital Advisers LLC increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 707 shares of the specialty retailer’s stock after acquiring an additional 13 shares during the period. Checchi Capital Advisers LLC’s holdings in O’Reilly Automotive were worth $747,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC purchased 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 during the 1st quarter valued at $37,000. Indiana Trust & Investment Management CO boosted its holdings in O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the period. Riverview Trust Co bought a new position in O’Reilly Automotive in the 1st quarter worth $41,000. Finally, Crewe Advisors LLC bought a new position in O’Reilly Automotive in the 1st quarter worth $43,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Up 1.0 %

O’Reilly Automotive stock traded up $11.62 during midday trading on Wednesday, reaching $1,139.35. The stock had a trading volume of 164,088 shares, compared to its average volume of 388,074. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The firm has a market cap of $67.10 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. The company has a fifty day moving average of $1,079.62 and a 200 day moving average of $1,063.21.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data 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 negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same period last year, the company earned $10.22 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts predict that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares in the company, valued at $296,800. The disclosure for this sale can be found here. Insiders have sold 48,854 shares of company stock valued at $55,094,437 in the last ninety days. 1.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ORLY shares. Wedbush reissued a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, July 25th. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Truist Financial increased 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 report on Friday, July 26th. Wells Fargo & Company increased their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, DA Davidson increased their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,144.06.

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.