Sheets Smith Wealth Management Increases Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Sheets Smith Wealth Management raised its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 849 shares of the specialty retailer’s stock after purchasing an additional 23 shares during the period. Sheets Smith Wealth Management’s holdings in O’Reilly Automotive were worth $768,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new position in O’Reilly Automotive in the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC purchased a new position in shares of O’Reilly Automotive during the first quarter worth approximately $31,000. HHM Wealth Advisors LLC purchased a new position in shares of O’Reilly Automotive during the first quarter worth approximately $33,000. Arlington Partners LLC grew its position in shares of O’Reilly Automotive by 616.7% during the first quarter. Arlington Partners LLC now owns 43 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 37 shares during the last quarter. Finally, Compass Wealth Management LLC purchased a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $38,000. 82.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ORLY. StockNews.com began coverage on shares of O’Reilly Automotive in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Wells Fargo & Company raised their target price on shares of O’Reilly Automotive from $985.00 to $1,075.00 in a research report on Thursday, July 20th. Royal Bank of Canada raised their target price on shares of O’Reilly Automotive from $975.00 to $988.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Barclays raised their target price on shares of O’Reilly Automotive from $868.00 to $954.00 in a research report on Friday, July 28th. Finally, Wedbush increased their price target on O’Reilly Automotive from $920.00 to $940.00 and gave the stock a “neutral” rating in a report on Thursday, July 27th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $971.40.

Insider Activity

In other news, Chairman Gregory L. Henslee sold 200 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $935.20, for a total value of $187,040.00. Following the completion of the transaction, the chairman now owns 8,378 shares in the company, valued at $7,835,105.60. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Chairman Gregory L. Henslee sold 14,599 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $937.81, for a total value of $13,691,088.19. Following the completion of the transaction, the chairman now owns 8,378 shares in the company, valued at $7,856,972.18. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Gregory L. Henslee sold 200 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $935.20, for a total value of $187,040.00. Following the completion of the transaction, the chairman now owns 8,378 shares of the company’s stock, valued at approximately $7,835,105.60. The disclosure for this sale can be found here. Insiders sold a total of 24,241 shares of company stock worth $22,733,544 over the last 90 days. 1.55% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $958.36 on Friday. O’Reilly Automotive, Inc. has a one year low of $680.00 and a one year high of $975.72. The business has a fifty day moving average of $945.02 and a two-hundred day moving average of $908.27. The company has a market cap of $57.75 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 1.88 and a beta of 0.85.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, July 27th. The specialty retailer reported $10.22 EPS for the quarter, beating analysts’ consensus estimates of $10.05 by $0.17. O’Reilly Automotive had a negative return on equity of 163.68% and a net margin of 14.84%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the company earned $8.78 earnings per share. O’Reilly Automotive’s quarterly revenue was up 10.8% compared to the same quarter last year. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 37.64 EPS for the current year.

O’Reilly Automotive Company 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 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.