O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,849 shares of the specialty retailer’s stock after acquiring an additional 90 shares during the quarter. Meridian Wealth Management LLC’s holdings in O’Reilly Automotive were worth $3,281,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ORLY. Advisors Asset Management Inc. raised its stake in shares of O’Reilly Automotive by 15.5% in the first quarter. Advisors Asset Management Inc. now owns 3,069 shares of the specialty retailer’s stock worth $3,465,000 after purchasing an additional 413 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of O’Reilly Automotive by 113.3% in the first quarter. Canada Pension Plan Investment Board now owns 66,080 shares of the specialty retailer’s stock worth $74,596,000 after purchasing an additional 35,107 shares during the last quarter. LRI Investments LLC purchased a new position in shares of O’Reilly Automotive in the first quarter worth about $239,000. Public Employees Retirement Association of Colorado raised its stake in shares of O’Reilly Automotive by 15.0% in the first quarter. Public Employees Retirement Association of Colorado now owns 148,576 shares of the specialty retailer’s stock worth $167,724,000 after purchasing an additional 19,431 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC raised its stake in shares of O’Reilly Automotive by 96.2% in the first quarter. Mount Yale Investment Advisors LLC now owns 730 shares of the specialty retailer’s stock worth $824,000 after purchasing an additional 358 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.55% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,227.37 on Friday. The business’s 50 day moving average price is $1,179.37 and its 200-day moving average price is $1,101.12. The firm has a market capitalization of $70.86 billion, a PE ratio of 30.37, a P/E/G ratio of 2.44 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $10.72 EPS. As a group, analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Truist Financial lifted their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays lifted their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Finally, Evercore ISI lifted their price target on 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. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

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.