O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC lessened its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 626 shares of the specialty retailer’s stock after selling 28 shares during the quarter. Nicolet Advisory Services LLC’s holdings in O’Reilly Automotive were worth $719,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meridian Wealth Management LLC increased its position in shares of O’Reilly Automotive by 3.3% in the third quarter. Meridian Wealth Management LLC now owns 2,849 shares of the specialty retailer’s stock worth $3,281,000 after acquiring an additional 90 shares in the last quarter. Icon Wealth Advisors LLC increased its holdings in O’Reilly Automotive by 746.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 4,149 shares of the specialty retailer’s stock valued at $4,778,000 after purchasing an additional 3,659 shares in the last quarter. Citigroup Inc. raised its position in O’Reilly Automotive by 5.4% in the third quarter. Citigroup Inc. now owns 112,427 shares of the specialty retailer’s stock valued at $129,471,000 after purchasing an additional 5,740 shares during the period. Charles Schwab Investment Management Inc. raised its position in O’Reilly Automotive by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 365,124 shares of the specialty retailer’s stock valued at $420,477,000 after purchasing an additional 989 shares during the period. Finally, DE Burlo Group Inc. lifted its stake in shares of O’Reilly Automotive by 62.7% during the third quarter. DE Burlo Group Inc. now owns 19,850 shares of the specialty retailer’s stock worth $22,859,000 after purchasing an additional 7,650 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,227.37 on Friday. 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. The business’s fifty day moving average price is $1,179.37 and its two-hundred day moving average price is $1,101.68.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the business earned $10.72 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ORLY. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Truist Financial lifted their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Bank of America raised their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Roth Mkm reiterated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

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.