AE Wealth Management LLC grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 157.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,290 shares of the specialty retailer’s stock after purchasing an additional 6,292 shares during the period. AE Wealth Management LLC’s holdings in O’Reilly Automotive were worth $7,048,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $16,133,000. Brookstone Capital Management grew its position in shares of O’Reilly Automotive by 17.0% during the fourth quarter. Brookstone Capital Management now owns 1,779 shares of the specialty retailer’s stock worth $1,214,000 after buying an additional 258 shares in the last quarter. Vantage Investment Partners LLC grew its position in shares of O’Reilly Automotive by 9.4% during the fourth quarter. Vantage Investment Partners LLC now owns 110,070 shares of the specialty retailer’s stock worth $77,735,000 after buying an additional 9,438 shares in the last quarter. Veriti Management LLC grew its position in shares of O’Reilly Automotive by 11.5% during the first quarter. Veriti Management LLC now owns 561 shares of the specialty retailer’s stock worth $384,000 after buying an additional 58 shares in the last quarter. Finally, Forum Financial Management LP acquired a new stake in shares of O’Reilly Automotive during the fourth quarter worth approximately $520,000. Institutional investors own 82.76% of the company’s stock.
Shares of NASDAQ ORLY opened at $637.13 on Thursday. O’Reilly Automotive, Inc. has a fifty-two week low of $562.90 and a fifty-two week high of $748.68. The firm’s 50-day simple moving average is $626.57 and its 200 day simple moving average is $661.07. The stock has a market cap of $41.88 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.55 and a beta of 1.04.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The specialty retailer reported $7.17 earnings per share for the quarter, missing analysts’ consensus estimates of $7.43 by ($0.26). O’Reilly Automotive had a net margin of 15.85% and a negative return on equity of 2,699.29%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the firm earned $7.06 earnings per share. Analysts expect that O’Reilly Automotive, Inc. will post 32.62 EPS for the current year.
In other O’Reilly Automotive news, SVP Richard Darin Venosdel sold 4,754 shares of the business’s stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $725.00, for a total value of $3,446,650.00. Following the sale, the senior vice president now directly owns 4,200 shares in the company, valued at $3,045,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeffrey Lynn Groves purchased 175 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was acquired at an average price of $572.77 per share, for a total transaction of $100,234.75. Following the completion of the transaction, the senior vice president now owns 721 shares of the company’s stock, valued at approximately $412,967.17. The disclosure for this purchase can be found here. 1.73% of the stock is owned by insiders.
A number of research firms have recently weighed in on ORLY. Wells Fargo & Company decreased their price target on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a research report on Wednesday, June 8th. DA Davidson raised shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $700.00 to $740.00 in a report on Wednesday. Bank of America raised shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price objective for the company in a report on Tuesday, May 10th. MKM Partners began coverage on shares of O’Reilly Automotive in a report on Thursday, June 23rd. They issued a “buy” rating and a $700.00 price objective for the company. Finally, Truist Financial decreased their price objective on shares of O’Reilly Automotive from $837.00 to $788.00 in a report on Friday, April 29th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $721.04.
O’Reilly Automotive Profile (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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Source: defenseworld.net
