Wesbanco Bank Inc. Has $7.45 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Wesbanco Bank Inc. lowered its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,472 shares of the specialty retailer’s stock after selling 126 shares during the period. Wesbanco Bank Inc.’s holdings in O’Reilly Automotive were worth $7,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of O’Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after purchasing an additional 75,837 shares during the period. Principal Financial Group Inc. grew its position in O’Reilly Automotive by 3.2% in the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after acquiring an additional 57,194 shares during the period. Bank of New York Mellon Corp grew its position in O’Reilly Automotive by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after acquiring an additional 19,211 shares during the period. JPMorgan Chase & Co. raised its stake in O’Reilly Automotive by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after acquiring an additional 376,167 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of O’Reilly Automotive by 5.2% during the second quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock valued at $524,629,000 after acquiring an additional 24,767 shares during the period. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 1.3 %

O’Reilly Automotive stock opened at $1,202.59 on Tuesday. The business’s 50-day simple moving average is $1,135.38 and its 200 day simple moving average is $1,076.43. The stock has a market cap of $70.83 billion, a price-to-earnings ratio of 30.52, a P/E/G ratio of 2.24 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,203.95.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the company posted $10.22 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.1 EPS for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction that occurred on 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 in the company, valued at $5,698,978.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,411 shares of company stock valued at $56,846,062. Company insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORLY. Evercore ISI increased their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Royal Bank of Canada dropped 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 report on Friday, July 26th. DA Davidson lifted 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. Bank of America increased their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Wedbush reiterated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,178.29.

O’Reilly Automotive Company 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.