Weik Capital Management Has $3.88 Million Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Weik Capital Management decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,669 shares of the specialty retailer’s stock after selling 87 shares during the period. O’Reilly Automotive accounts for 1.7% of Weik Capital Management’s investment portfolio, making the stock its 16th biggest holding. Weik Capital Management’s holdings in O’Reilly Automotive were worth $3,875,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Pinnacle Associates Ltd. lifted its position in shares of O’Reilly Automotive by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after purchasing an additional 10 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its position in O’Reilly Automotive by 2.6% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after buying an additional 10 shares during the period. Marcum Wealth LLC lifted its holdings in shares of O’Reilly Automotive by 5.1% during the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after buying an additional 10 shares during the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of O’Reilly Automotive by 2.9% in the second quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock valued at $372,000 after acquiring an additional 10 shares during the period. Finally, L.M. Kohn & Company grew its stake in shares of O’Reilly Automotive by 1.9% in the fourth quarter. L.M. Kohn & Company now owns 591 shares of the specialty retailer’s stock worth $561,000 after acquiring an additional 11 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insider Transactions at O’Reilly Automotive

In related news, Director Dana Perlman sold 48 shares of the firm’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 directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock valued at $56,846,062 in the last three months. 1.55% of the stock is owned by corporate insiders.

O’Reilly Automotive Stock Performance

ORLY opened at $1,125.48 on Friday. The firm has a market cap of $65.29 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.11 and a beta of 0.92. The firm’s 50-day simple moving average is $1,101.72 and its 200-day simple moving average is $1,071.05. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month 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 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. O’Reilly Automotive’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $10.22 earnings per share. As a group, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the subject of several research analyst reports. DA Davidson upped their target price on shares of 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. Royal Bank of Canada cut their price objective on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. UBS Group decreased their target price 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. Wells Fargo & Company upped their price target on 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, Evercore ISI lifted their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average 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.