Foster Victor Wealth Advisors LLC Grows Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Foster Victor Wealth Advisors LLC boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.7% during the second quarter, HoldingsChannel reports. The fund owned 18,238 shares of the specialty retailer’s stock after buying an additional 982 shares during the period. O’Reilly Automotive comprises 1.4% of Foster Victor Wealth Advisors LLC’s holdings, making the stock its 13th biggest position. Foster Victor Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $19,032,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Groesbeck Investment Management Corp NJ grew its stake in shares of O’Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after acquiring an additional 10 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of O’Reilly Automotive by 3.9% during the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after buying an additional 10 shares during the period. Pinnacle Associates Ltd. increased its stake in shares of O’Reilly Automotive by 1.4% during the first quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after buying an additional 10 shares during the period. Industrial Alliance Investment Management Inc. raised its holdings in O’Reilly Automotive by 2.6% in the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after acquiring an additional 10 shares in the last quarter. Finally, Marcum Wealth LLC grew its holdings in O’Reilly Automotive by 5.1% during the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after acquiring an additional 10 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ORLY. Wells Fargo & Company lowered their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Truist Financial boosted their price objective on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Evercore ISI reduced their price target on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a research report on Tuesday, July 16th. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Royal Bank of Canada cut their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,130.67.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction 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 transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,589 shares of company stock valued at $39,989,614. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Trading Up 0.3 %

Shares of NASDAQ:ORLY traded up $3.63 during midday trading on Friday, hitting $1,119.52. The stock had a trading volume of 263,141 shares, compared to its average volume of 395,573. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The stock has a 50 day moving average price of $1,065.12 and a two-hundred day moving average price of $1,059.66. The company has a market capitalization of $64.94 billion, a PE ratio of 28.41, a P/E/G ratio of 2.14 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data 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 revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.22 EPS. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

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.