Wealth Enhancement Advisory Services LLC Increases Stock Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Wealth Enhancement Advisory Services LLC boosted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 16.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,195 shares of the specialty retailer's stock after buying an additional 3,272 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in O'Reilly Automotive were worth $33,227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORLY. Carolinas Wealth Consulting LLC increased its holdings in O'Reilly Automotive by 14.3% in the fourth 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 increased its stake in shares of O'Reilly Automotive by 4.0% in the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after buying an additional 8 shares during the period. Alcosta Capital Management Inc. lifted its stake in shares of O'Reilly Automotive by 0.3% in the fourth quarter. Alcosta Capital Management Inc. now owns 3,156 shares of the specialty retailer's stock worth $3,742,000 after acquiring an additional 9 shares during the period. Forum Financial Management LP boosted its holdings in O'Reilly Automotive by 1.5% in the fourth quarter. Forum Financial Management LP now owns 623 shares of the specialty retailer's stock valued at $739,000 after acquiring an additional 9 shares during the last quarter. Finally, FFT Wealth Management LLC boosted its holdings in O'Reilly Automotive by 3.2% in the fourth quarter. FFT Wealth Management LLC now owns 319 shares of the specialty retailer's stock valued at $378,000 after acquiring an additional 10 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director John Raymond Murphy sold 3,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the completion of the transaction, the director now owns 4,560 shares in the company, valued at approximately $419,216. This represents a 39.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Najera Jose A. Montellano sold 285 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $90.13, for a total transaction of $25,686.29. The disclosure for this sale can be found here. Insiders have sold a total of 33,285 shares of company stock valued at $3,022,386 in the last 90 days. 1.01% of the stock is currently owned by corporate insiders.

O'Reilly Automotive Trading Down 2.3%

O'Reilly Automotive stock traded down $2.08 during trading on Tuesday, hitting $89.18. 4,141,034 shares of the company were exchanged, compared to its average volume of 5,538,769. The company has a market capitalization of $76.23 billion, a P/E ratio of 32.78, a PEG ratio of 2.44 and a beta of 0.60. The business's 50 day moving average is $91.14 and its 200 day moving average is $88.12. O'Reilly Automotive, Inc. has a 52 week low of $67.24 and a 52 week high of $97.22.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.04). O'Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The business's revenue was up 4.0% compared to the same quarter last year. Equities analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ORLY shares. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. Guggenheim reaffirmed a "buy" rating and set a $98.33 price target on shares of O'Reilly Automotive in a research report on Monday, March 10th. Wall Street Zen raised O'Reilly Automotive from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. BMO Capital Markets upped their target price on O'Reilly Automotive from $96.67 to $100.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, Barclays boosted their price target on O'Reilly Automotive from $83.33 to $86.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $94.30.

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.