NewEdge Wealth LLC Buys 4,101 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

NewEdge Wealth LLC raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,217 shares of the specialty retailer's stock after purchasing an additional 4,101 shares during the period. O'Reilly Automotive accounts for approximately 0.8% of NewEdge Wealth LLC's investment portfolio, making the stock its 28th biggest position. NewEdge Wealth LLC owned approximately 0.06% of O'Reilly Automotive worth $32,509,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ORLY. Geode Capital Management LLC raised its holdings in O'Reilly Automotive by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 1,489,353 shares of the specialty retailer's stock valued at $1,262,904,000 after acquiring an additional 26,201 shares during the period. Morgan Stanley grew its position in shares of O'Reilly Automotive by 113.8% in the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer's stock valued at $1,007,597,000 after purchasing an additional 635,416 shares during the last quarter. Invesco Ltd. increased its stake in shares of O'Reilly Automotive by 3.7% during the third quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer's stock worth $807,168,000 after purchasing an additional 31,487 shares during the period. Jennison Associates LLC lifted its holdings in O'Reilly Automotive by 8.0% during the 3rd quarter. Jennison Associates LLC now owns 880,855 shares of the specialty retailer's stock worth $800,574,000 after purchasing an additional 65,534 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in O'Reilly Automotive by 128.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer's stock valued at $470,900,000 after purchasing an additional 386,822 shares during the period. 85.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Evercore ISI increased their price objective on O'Reilly Automotive from $1,235.00 to $1,240.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 2nd. StockNews.com lowered shares of O'Reilly Automotive from a "buy" rating to a "hold" rating in a research report on Thursday, February 8th. Truist Financial boosted their price objective on shares of O'Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Mizuho started coverage on shares of O'Reilly Automotive in a report on Tuesday, March 19th. They set a "buy" rating and a $1,225.00 target price on the stock. Finally, Royal Bank of Canada lifted their price target on shares of O'Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, O'Reilly Automotive has a consensus rating of "Moderate Buy" and an average price target of $1,090.76.

O'Reilly Automotive Price Performance

NASDAQ:ORLY traded down $6.51 during trading hours on Friday, hitting $1,076.49. The company's stock had a trading volume of 263,161 shares, compared to its average volume of 366,347. O'Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The stock has a fifty day simple moving average of $1,088.91 and a 200-day simple moving average of $1,002.28. The company has a market capitalization of $63.55 billion, a P/E ratio of 28.14, a PEG ratio of 1.98 and a beta of 0.86.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating analysts' consensus estimates of $9.07 by $0.19. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. O'Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $8.37 EPS. On average, equities analysts predict that O'Reilly Automotive, Inc. will post 42.09 EPS for the current fiscal year.

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,500 shares of the company's stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Christopher Andrew Mancini sold 1,500 shares of the business's stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jeffrey Alan Lauro sold 431 shares of the firm's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the completion of the transaction, the senior vice president now owns 963 shares of the company's stock, valued at approximately $1,000,200.69. The disclosure for this sale can be found here. Insiders have sold 27,468 shares of company stock worth $28,769,333 over the last quarter. Corporate insiders own 1.55% of the company's stock.

O'Reilly Automotive 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.

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