Welch & Forbes LLC Sells 14,016 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Welch & Forbes reduced its O'Reilly Automotive stake by 14,016 shares, or 0.5%, in the third quarter, retaining 2.80 million shares worth about $238.8 million. ORLY represents 2.8% of the firm’s portfolio and is its seventh-largest holding.
• O'Reilly beat quarterly earnings and revenue estimates, reporting EPS of $0.97 versus $0.93 expected and revenue of $5.12 billion versus $5.02 billion; revenue rose 8.8% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $108. Insiders sold 153,655 shares worth about $14.1 million over the past three months.

Welch & Forbes LLC trimmed its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,795,416 shares of the specialty retailer's stock after selling 14,016 shares during the quarter. O'Reilly Automotive accounts for 2.8% of Welch & Forbes LLC's portfolio, making the stock its 7th largest holding. Welch & Forbes LLC owned approximately 0.35% of O'Reilly Automotive worth $238,757,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ORLY. Kelleher Financial Advisors bought a new position in O'Reilly Automotive during the second quarter worth $28,000. Fiduciary Financial Advisors acquired a new position in O'Reilly Automotive during the 2nd quarter valued at $28,000. Bell Investment Advisors Inc acquired a new position in O'Reilly Automotive during the 2nd quarter valued at $29,000. MidFirst Bank bought a new stake in O'Reilly Automotive in the 2nd quarter valued at $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in O'Reilly Automotive in the 2nd quarter valued at $36,000. 85.00% of the stock is owned by institutional investors.

O'Reilly Automotive Trading Down 0.1%

Shares of NASDAQ ORLY opened at $89.79 on Tuesday. The firm has a market capitalization of $72.64 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.19 and a beta of 0.55. O'Reilly Automotive, Inc. has a one year low of $82.59 and a one year high of $102.46. The business has a fifty day simple moving average of $87.36 and a 200 day simple moving average of $90.39.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. O'Reilly Automotive had a net margin of 14.27% and a negative return on equity of 188.24%. The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The business's revenue was up 8.8% compared to the same quarter last year. On average, research analysts anticipate that O'Reilly Automotive, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, Chairman Gregory L. Henslee sold 138,705 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $91.75, for a total transaction of $12,726,183.75. Following the sale, the chairman directly owned 241,950 shares of the company's stock, valued at approximately $22,198,912.50. The trade was a 36.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Hendrickson sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $87.83, for a total value of $87,830.00. Following the completion of the sale, the director owned 18,675 shares in the company, valued at approximately $1,640,225.25. This represents a 5.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 153,655 shares of company stock valued at $14,085,983. Corporate insiders own 0.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. TD Cowen decreased their price target on shares of O'Reilly Automotive from $117.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Robert W. Baird set a $100.00 price objective on shares of O'Reilly Automotive and gave the company a "neutral" rating in a research report on Friday, July 31st. Weiss Ratings cut shares of O'Reilly Automotive from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, August 27th. Bank of America initiated coverage on O'Reilly Automotive in a research report on Monday, October 26th. They set a "buy" rating and a $106.00 target price on the stock. Finally, BNP Paribas Exane lowered their price target on O'Reilly Automotive from $116.00 to $115.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, O'Reilly Automotive has an average rating of "Moderate Buy" and a consensus price target of $108.00.

O'Reilly Automotive Profile

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops.

The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers.

Founded in 1957 by Charles F.

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