J.W. Cole Advisors Inc. Acquires Shares of 507 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

J.W. Cole Advisors Inc. acquired a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) during the first quarter, Holdings Channel.com reports. The fund acquired 507 shares of the specialty retailer’s stock, valued at approximately $347,000.

Other large investors have also recently made changes to their positions in the company. American Trust lifted its position in shares of O’Reilly Automotive by 83.3% during the first quarter. American Trust now owns 1,043 shares of the specialty retailer’s stock valued at $714,000 after purchasing an additional 474 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of O’Reilly Automotive by 647.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 37,970 shares of the specialty retailer’s stock valued at $26,008,000 after purchasing an additional 32,889 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of O’Reilly Automotive by 197.4% during the first quarter. Verition Fund Management LLC now owns 3,831 shares of the specialty retailer’s stock valued at $2,624,000 after purchasing an additional 2,543 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of O’Reilly Automotive by 24.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,023 shares of the specialty retailer’s stock valued at $36,319,000 after purchasing an additional 10,547 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in shares of O’Reilly Automotive by 3.3% during the first quarter. Kestra Private Wealth Services LLC now owns 1,575 shares of the specialty retailer’s stock valued at $1,079,000 after purchasing an additional 50 shares in the last quarter. 84.03% of the stock is owned by institutional investors.

O’Reilly Automotive Stock Up 0.8 %

ORLY opened at $701.07 on Wednesday. The firm has a 50-day moving average price of $705.06 and a 200-day moving average price of $672.48. The company has a market capitalization of $44.39 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.76 and a beta of 0.99. O’Reilly Automotive, Inc. has a twelve month low of $562.90 and a twelve month high of $750.88.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $8.78 EPS for the quarter, missing the consensus estimate of $8.98 by ($0.20). The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.71 billion. O’Reilly Automotive had a net margin of 15.55% and a negative return on equity of 520.10%. O’Reilly Automotive’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $8.33 EPS. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 31.61 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, CEO Gregory D. Johnson sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $750.19, for a total transaction of $225,057.00. Following the completion of the transaction, the chief executive officer now owns 4,671 shares of the company’s stock, valued at $3,504,137.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 7,145 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $700.00, for a total value of $5,001,500.00. Following the completion of the transaction, the chairman now owns 294,582 shares of the company’s stock, valued at approximately $206,207,400. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory D. Johnson sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $750.19, for a total transaction of $225,057.00. Following the completion of the transaction, the chief executive officer now directly owns 4,671 shares of the company’s stock, valued at approximately $3,504,137.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,444 shares of company stock valued at $37,192,687. Corporate insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ORLY shares. Stephens raised their price target on shares of O’Reilly Automotive from $765.00 to $800.00 and gave the company an “overweight” rating in a research report on Monday, August 1st. Morgan Stanley lifted their price objective on shares of O’Reilly Automotive from $635.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 24th. Truist Financial lowered their price objective on shares of O’Reilly Automotive from $788.00 to $770.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Citigroup lifted their price objective on shares of O’Reilly Automotive from $662.00 to $720.00 in a research report on Thursday, July 28th. Finally, MKM Partners lifted their price objective on shares of O’Reilly Automotive from $700.00 to $770.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $758.43.

About O’Reilly Automotive

(Get Rating)

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. 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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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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