Forvis Mazars Wealth Advisors LLC Decreases Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• Forvis Mazars Wealth Advisors LLC has reduced its stake in O'Reilly Automotive by 29.1%, selling 5,448 shares and now holding 13,256 shares valued at approximately $18.99 million.
• Other institutional investors have increased their positions, with Vanguard Group Inc. raising its holdings by 1.5% and Wealth Enhancement Advisory Services LLC doing so by 16.4% in the same quarter.
• O'Reilly Automotive recently reported earnings per share of $0.78, matching consensus estimates, and is projected to post earnings of 43.94 EPS for the current fiscal year.

Forvis Mazars Wealth Advisors LLC lowered its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 29.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 13,256 shares of the specialty retailer's stock after selling 5,448 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in O'Reilly Automotive were worth $18,990,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of O'Reilly Automotive by 16.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock worth $33,227,000 after acquiring an additional 3,272 shares during the period. Vanguard Group Inc. raised its holdings in shares of O'Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after acquiring an additional 75,125 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of O'Reilly Automotive by 33.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after acquiring an additional 147,904 shares during the period. CCM Investment Group LLC purchased a new position in shares of O'Reilly Automotive during the 1st quarter worth $4,672,000. Finally, Summit X LLC raised its holdings in shares of O'Reilly Automotive by 96.1% during the 1st quarter. Summit X LLC now owns 15,536 shares of the specialty retailer's stock worth $22,255,000 after acquiring an additional 7,612 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 158,920 shares of company stock valued at $15,763,302. 1.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Mizuho lifted their price target on O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a report on Friday, April 25th. DA Davidson boosted their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 25th. Argus began coverage on shares of O'Reilly Automotive in a report on Wednesday. They issued a "buy" rating and a $120.00 price objective on the stock. Finally, UBS Group boosted their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $103.38.

O'Reilly Automotive Price Performance

NASDAQ ORLY opened at $101.54 on Friday. The company has a market cap of $86.16 billion, a P/E ratio of 36.30, a P/E/G ratio of 2.68 and a beta of 0.56. The stock has a 50-day moving average of $94.27 and a two-hundred day moving average of $91.76. O'Reilly Automotive, Inc. has a 1-year low of $73.11 and a 1-year high of $104.86.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. O'Reilly Automotive's revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $10.55 EPS. On average, analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal 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.

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.