Providence First Trust Co Has $1.34 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Providence First Trust Co lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,273 shares of the specialty retailer’s stock after buying an additional 99 shares during the quarter. Providence First Trust Co’s holdings in O’Reilly Automotive were worth $1,344,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Rise Advisors LLC bought a new position in O’Reilly Automotive in the first quarter valued at about $36,000. Newbridge Financial Services Group Inc. bought a new stake in shares of O’Reilly Automotive in the 1st quarter valued at $37,000. Indiana Trust & Investment Management CO raised its holdings in shares of 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 valued at $38,000 after purchasing an additional 26 shares during the period. Riverview Trust Co bought a new position in O’Reilly Automotive in the first quarter worth approximately $41,000. Finally, Crewe Advisors LLC bought a new stake in O’Reilly Automotive during the 1st quarter valued at $43,000. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

ORLY stock traded down $8.50 during mid-day trading on Monday, reaching $1,129.97. The company had a trading volume of 354,300 shares, compared to its average volume of 388,209. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The company has a market capitalization of $66.55 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. The firm has a fifty day simple moving average of $1,084.80 and a 200 day simple moving average of $1,065.98.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS 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 for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the firm posted $10.22 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts predict that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the sale, the chairman now owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the sale, the director now owns 5,016 shares in the company, valued at approximately $5,698,978.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on ORLY. Evercore ISI raised their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. 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, July 18th. Truist Financial boosted their price target on 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 upped their price target on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Bank of America lifted their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $1,144.06.

About O’Reilly Automotive

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.