O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) by 4.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,700 shares of the specialty retailer’s stock after purchasing an additional 66 shares during the period. Sequoia Financial Advisors LLC’s holdings in O’Reilly Automotive were worth $1,795,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB increased its holdings in shares of O’Reilly Automotive by 3.8% in the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after acquiring an additional 2,214 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of O’Reilly Automotive by 5.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after buying an additional 701 shares in the last quarter. Perpetual Ltd lifted its position in O’Reilly Automotive by 322.6% in the first quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock worth $1,289,000 after purchasing an additional 871 shares during the period. Wellington Management Group LLP lifted its stake in O’Reilly Automotive by 656.2% during the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after purchasing an additional 397,108 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of O’Reilly Automotive by 7.4% in the 4th quarter. Stifel Financial Corp now owns 36,728 shares of the specialty retailer’s stock valued at $34,894,000 after purchasing an additional 2,535 shares during the period. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Royal Bank of Canada reduced their price objective on 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. Truist Financial lifted their price objective on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Evercore ISI lowered their price target on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 16th. Finally, Wedbush restated a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,130.67.

View Our Latest Report on O’Reilly Automotive

Insider Activity at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s 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 completion of the sale, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dana Perlman sold 48 shares of the company’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 transaction, the director now directly owns 1,097 shares in the company, valued at approximately $1,217,406.72. The disclosure for this sale can be found here. Insiders have sold a total of 35,589 shares of company stock valued at $39,989,614 over the last 90 days. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

ORLY traded down $5.61 on Tuesday, hitting $1,115.46. 59,721 shares of the stock were exchanged, compared to its average volume of 395,203. The firm has a market capitalization of $65.69 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.15 and a beta of 0.92. The business has a 50-day moving average of $1,053.70 and a two-hundred day moving average of $1,057.37. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $4.32 billion. During the same quarter in the previous year, the business posted $10.22 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts expect that O’Reilly Automotive, Inc. will post 41.14 earnings per share for the current fiscal year.

About O’Reilly Automotive

(Free Report)

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.

See Also

Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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