9258 Wealth Management LLC Grows Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

9258 Wealth Management LLC increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 595 shares of the specialty retailer’s stock after purchasing an additional 35 shares during the quarter. 9258 Wealth Management LLC’s holdings in O’Reilly Automotive were worth $628,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at about $671,384,000. Wellington Management Group LLP lifted its stake in shares of O’Reilly Automotive by 656.2% during the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after buying an additional 397,108 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of O’Reilly Automotive by 56.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after purchasing an additional 376,167 shares during the period. Bank of New York Mellon Corp boosted its position in shares of O’Reilly Automotive by 15.0% in the first quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock worth $1,587,784,000 after acquiring an additional 183,296 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of O’Reilly Automotive by 4,574.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 129,145 shares of the specialty retailer’s stock worth $122,698,000 after buying an additional 126,382 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded down $7.98 during trading on Thursday, hitting $1,129.75. The company had a trading volume of 110,680 shares, compared to its average volume of 385,672. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. The business’s 50-day moving average is $1,089.05 and its 200 day moving average is $1,067.66. The company has a market cap of $65.54 billion, a P/E ratio of 28.63, a PEG ratio of 2.15 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $10.22 earnings per share. On average, research analysts expect that O’Reilly Automotive, Inc. will post 41.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Evercore ISI boosted their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Truist Financial increased their target price on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, July 25th. Finally, DA Davidson raised their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,144.06.

Insider Transactions at O’Reilly Automotive

In related news, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the completion of the sale, the director now owns 5,016 shares in the company, valued at approximately $5,698,978.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the sale, the director now owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock valued at $56,846,062 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.

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.