PFG Advisors Raises Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

PFG Advisors lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 31.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 952 shares of the specialty retailer’s stock after buying an additional 227 shares during the period. PFG Advisors’ holdings in O’Reilly Automotive were worth $601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORLY. Tcwp LLC purchased a new stake in O’Reilly Automotive during the 1st quarter worth approximately $264,000. CIBC Asset Management Inc grew its position in O’Reilly Automotive by 2.2% during the 1st quarter. CIBC Asset Management Inc now owns 14,067 shares of the specialty retailer’s stock worth $9,635,000 after purchasing an additional 308 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in O’Reilly Automotive by 7.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 10,215 shares of the specialty retailer’s stock worth $6,996,000 after purchasing an additional 712 shares during the last quarter. Parallel Advisors LLC grew its position in O’Reilly Automotive by 9.3% during the 1st quarter. Parallel Advisors LLC now owns 550 shares of the specialty retailer’s stock worth $383,000 after purchasing an additional 47 shares during the last quarter. Finally, Veriti Management LLC grew its position in O’Reilly Automotive by 11.5% during the 1st quarter. Veriti Management LLC now owns 561 shares of the specialty retailer’s stock worth $384,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 84.03% of the company’s stock.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 300 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $705.49, for a total value of $211,647.00. Following the completion of the sale, the director now owns 1,900 shares of the company’s stock, valued at $1,340,431. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 5,050 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $710.17, for a total value of $3,586,358.50. Following the transaction, the director now owns 89,633 shares of the company’s stock, valued at $63,654,667.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Raymond Murphy sold 300 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $705.49, for a total transaction of $211,647.00. Following the completion of the transaction, the director now directly owns 1,900 shares in the company, valued at approximately $1,340,431. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,444 shares of company stock valued at $37,192,687. 1.73% of the stock is owned by company insiders.

O’Reilly Automotive Stock Down 0.3 %

O’Reilly Automotive stock opened at $693.56 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $562.90 and a 52-week high of $750.88. The firm has a market capitalization of $43.92 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.76 and a beta of 0.99. The company has a fifty day simple moving average of $706.97 and a 200-day simple moving average of $673.07.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last released its earnings results on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.98 by ($0.20). O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the company earned $8.33 EPS. O’Reilly Automotive’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 31.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research reports. Royal Bank of Canada decreased their price objective on shares of O’Reilly Automotive from $806.00 to $795.00 in a research note on Friday, July 29th. Stephens lifted their price objective on shares of O’Reilly Automotive from $765.00 to $800.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. Guggenheim lifted their price objective on shares of O’Reilly Automotive to $823.00 in a research note on Monday, August 15th. Truist Financial decreased their price objective on shares of O’Reilly Automotive from $788.00 to $770.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Finally, MKM Partners lifted their price objective on shares of O’Reilly Automotive from $700.00 to $770.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $758.43.

O’Reilly Automotive Company Profile

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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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