Merit Financial Group LLC Buys 49 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Merit Financial Group LLC boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 21.7% in the fourth quarter, HoldingsChannel reports. The firm owned 275 shares of the specialty retailer’s stock after buying an additional 49 shares during the quarter. Merit Financial Group LLC’s holdings in O’Reilly Automotive were worth $261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORLY. Carmel Capital Partners LLC increased its holdings in O’Reilly Automotive by 1,750.0% during the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after buying an additional 35 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in O’Reilly Automotive by 31.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 13 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in O’Reilly Automotive by 29.5% during the fourth quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 13 shares during the period. Venturi Wealth Management LLC increased its position in O’Reilly Automotive by 57.5% in the third quarter. Venturi Wealth Management LLC now owns 63 shares of the specialty retailer’s stock worth $57,000 after buying an additional 23 shares during the last quarter. Finally, First Financial Corp IN raised its stake in shares of O’Reilly Automotive by 38.6% in the fourth quarter. First Financial Corp IN now owns 61 shares of the specialty retailer’s stock valued at $58,000 after buying an additional 17 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Wells Fargo & Company reduced their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Evercore ISI dropped their price target on shares of O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. The Goldman Sachs Group raised their price objective on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Truist Financial dropped their target price 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. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $1,110.07.

O’Reilly Automotive Stock Up 1.0 %

Shares of NASDAQ ORLY opened at $1,030.72 on Friday. The stock’s 50-day simple moving average is $1,090.31 and its two-hundred day simple moving average is $1,021.38. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The firm has a market capitalization of $60.84 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.91 and a beta of 0.90.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the business earned $8.28 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 41.92 EPS for the current fiscal year.

Insider Activity

In related news, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the transaction, the chairman now directly owns 216,539 shares in the company, valued at $228,141,159.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of O’Reilly Automotive stock in a transaction dated 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 owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Raymond Murphy sold 269 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the transaction, the director now owns 950 shares in the company, valued at $987,316. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,000 shares of company stock worth $33,391,813. 1.55% of the stock is currently owned by corporate insiders.

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, 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.