Envestnet Portfolio Solutions Inc. Cuts Stock Position in O’Reilly Automotive, Inc. $ORLY

Envestnet Portfolio Solutions Inc. lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 13.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,420 shares of the specialty retailer’s stock after selling 7,719 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in O’Reilly Automotive were worth $5,220,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Oakworth Capital Inc. raised its position in shares of O’Reilly Automotive by 1,257.1% in the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 264 shares during the last quarter. HighMark Wealth Management LLC grew its position in O’Reilly Automotive by 1,400.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 280 shares during the last quarter. Canton Hathaway LLC increased its stake in O’Reilly Automotive by 1,400.0% during the 2nd quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 280 shares in the last quarter. ORG Partners LLC raised its holdings in O’Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock worth $28,000 after buying an additional 277 shares during the last quarter. Finally, Nemes Rush Group LLC raised its holdings in O’Reilly Automotive by 1,400.0% in the second quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock worth $28,000 after buying an additional 294 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Insider Activity

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 2,355 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the completion of the sale, the senior vice president directly owned 28 shares of the company’s stock, valued at approximately $2,836.68. This represents a 98.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Philip M. Hopper sold 3,500 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the completion of the transaction, the senior vice president owned 4,792 shares in the company, valued at $485,190. The trade was a 42.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,980 shares of company stock valued at $882,335 in the last quarter. 1.01% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ORLY shares. The Goldman Sachs Group set a $121.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Friday, October 24th. Morgan Stanley set a $110.00 price objective on O’Reilly Automotive and gave the company an “overweight” rating in a research report on Thursday, January 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of O’Reilly Automotive in a research note on Friday, October 31st. Barclays set a $91.00 price target on O’Reilly Automotive and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Finally, Wolfe Research raised O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Buy” and a consensus target price of $111.80.

O’Reilly Automotive Trading Up 0.4%

Shares of ORLY opened at $99.23 on Friday. The firm has a fifty day simple moving average of $95.42 and a two-hundred day simple moving average of $98.79. The firm has a market cap of $83.76 billion, a PE ratio of 34.38, a P/E/G ratio of 2.11 and a beta of 0.63. O’Reilly Automotive, Inc. has a 1-year low of $82.90 and a 1-year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.O’Reilly Automotive’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $11.41 earnings per share. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.