Raymond James & Associates Increases Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Raymond James & Associates grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 5.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 107,033 shares of the specialty retailer's stock after buying an additional 5,459 shares during the quarter. Raymond James & Associates owned 0.18% of O'Reilly Automotive worth $120,827,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in ORLY. U.S. Capital Wealth Advisors LLC lifted its stake in O'Reilly Automotive by 14.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 252 shares of the specialty retailer's stock worth $229,000 after purchasing an additional 32 shares during the last quarter. Brookstone Capital Management lifted its stake in O'Reilly Automotive by 77.6% during the third quarter. Brookstone Capital Management now owns 936 shares of the specialty retailer's stock worth $841,000 after purchasing an additional 409 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in O'Reilly Automotive by 2.4% during the third quarter. Commonwealth Equity Services LLC now owns 10,232 shares of the specialty retailer's stock worth $9,300,000 after purchasing an additional 240 shares during the last quarter. Toews Corp ADV purchased a new stake in O'Reilly Automotive during the third quarter worth approximately $727,000. Finally, SVB Wealth LLC lifted its stake in O'Reilly Automotive by 2.9% during the third quarter. SVB Wealth LLC now owns 1,613 shares of the specialty retailer's stock worth $1,466,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several research analyst reports. Truist Financial cut their price target on O'Reilly Automotive from $1,234.00 to $1,212.00 and set a "buy" rating on the stock in a research report on Friday, April 26th. Evercore ISI cut their price target on O'Reilly Automotive from $1,220.00 to $1,200.00 and set an "outperform" rating on the stock in a research report on Friday, April 26th. Mizuho initiated coverage on O'Reilly Automotive in a research report on Tuesday, March 19th. They set a "buy" rating and a $1,225.00 price target on the stock. Royal Bank of Canada lifted their price target on O'Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. Finally, Wedbush reaffirmed a "neutral" rating and set a $1,100.00 price target on shares of O'Reilly Automotive in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,110.07.

O'Reilly Automotive Price Performance

Shares of NASDAQ ORLY traded down $8.15 on Wednesday, hitting $1,005.11. The company's stock had a trading volume of 610,999 shares, compared to its average volume of 376,567. The stock has a 50 day moving average of $1,095.77 and a 200-day moving average of $1,018.24. The company has a market capitalization of $59.33 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 1.95 and a beta of 0.86. O'Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts' consensus estimates of $9.18 by $0.02. O'Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $3.99 billion. During the same period last year, the company posted $8.28 EPS. The company's revenue was up 7.2% on a year-over-year basis. Sell-side analysts expect that O'Reilly Automotive, Inc. will post 41.93 EPS for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,335 shares of the company's stock, valued at approximately $2,400,380. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,335 shares of the company's stock, valued at approximately $2,400,380. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 10,000 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now directly owns 216,539 shares of the company's stock, valued at $228,141,159.62. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock valued at $27,269,333 in the last ninety days. Corporate insiders own 1.18% of the company's stock.

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.

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