New Age Alpha Advisors LLC lessened its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 43.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,213 shares of the specialty retailer's stock after selling 3,279 shares during the quarter. New Age Alpha Advisors LLC's holdings in O'Reilly Automotive were worth $6,035,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Carolinas Wealth Consulting LLC increased its position in O'Reilly Automotive by 14.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock valued at $76,000 after purchasing an additional 8 shares during the period. Marcum Wealth LLC lifted its stake in O'Reilly Automotive by 4.0% during the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after acquiring an additional 8 shares in the last quarter. Adero Partners LLC increased its position in shares of O'Reilly Automotive by 1.9% during the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock valued at $609,000 after purchasing an additional 8 shares during the last quarter. Avior Wealth Management LLC increased its holdings in O'Reilly Automotive by 3.5% in the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after acquiring an additional 8 shares during the last quarter. Finally, Lindbrook Capital LLC grew its holdings in O'Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after buying an additional 8 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.
Insider Buying and Selling
In related news, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the sale, the senior vice president directly owned 240 shares in the company, valued at $21,767.20. This represents a 99.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the transaction, the senior vice president owned 4,234 shares in the company, valued at $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,840 shares of company stock valued at $6,421,556. 1.01% of the stock is currently owned by corporate insiders.
O'Reilly Automotive Trading Down 0.9%
Shares of O'Reilly Automotive stock traded down $0.97 on Thursday, reaching $103.47. 5,632,356 shares of the company were exchanged, compared to its average volume of 4,844,435. The stock has a fifty day moving average price of $92.95 and a 200-day moving average price of $91.00. The firm has a market capitalization of $88.45 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 2.77 and a beta of 0.56. O'Reilly Automotive, Inc. has a fifty-two week low of $73.11 and a fifty-two week high of $104.86.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the previous year, the company posted $10.55 earnings per share. The business's quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on ORLY shares. JPMorgan Chase & Co. boosted their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Mizuho upped their price target on O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Evercore ISI increased their target price on O'Reilly Automotive from $97.00 to $107.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Guggenheim raised their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, DA Davidson raised their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, O'Reilly Automotive has an average rating of "Buy" and an average price target of $102.22.
View Our Latest Report on ORLY
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.
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