Range Financial Group LLC Invests $222,000 in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Range Financial Group LLC acquired a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 197 shares of the specialty retailer’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rise Advisors LLC acquired a new position in O’Reilly Automotive during the 1st quarter worth approximately $36,000. Washington Trust Advisors Inc. grew its holdings in shares of O’Reilly Automotive by 31.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock valued at $52,000 after acquiring an additional 13 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of O’Reilly Automotive by 29.5% in the fourth quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock valued at $54,000 after acquiring an additional 13 shares during the last quarter. First Financial Corp IN raised its holdings in O’Reilly Automotive by 38.6% during the fourth quarter. First Financial Corp IN now owns 61 shares of the specialty retailer’s stock worth $58,000 after acquiring an additional 17 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in shares of O’Reilly Automotive by 81.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 67 shares of the specialty retailer’s stock valued at $63,000 after buying an additional 30 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Up 0.2 %

NASDAQ ORLY opened at $1,083.52 on Tuesday. The company has a 50-day simple moving average of $1,020.10 and a two-hundred day simple moving average of $1,031.76. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The firm has a market cap of $63.81 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.98 and a beta of 0.89.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $8.28 EPS. Equities analysts expect that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares in the company, valued at $726,740. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the sale, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ORLY. Wedbush restated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Evercore ISI increased their price objective on O’Reilly Automotive from $1,265.00 to $1,275.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Mizuho started coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target for the company. StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company dropped their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,123.64.

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.