Hodges Capital Management Inc. Has $548,000 Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Hodges Capital Management Inc. grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 485 shares of the specialty retailer’s stock after purchasing an additional 19 shares during the quarter. Hodges Capital Management Inc.’s holdings in O’Reilly Automotive were worth $548,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of ORLY. Rise Advisors LLC acquired a new position in shares of O’Reilly Automotive during the first quarter valued at $36,000. Indiana Trust & Investment Management CO lifted its stake in shares of O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares during the period. Riverview Trust Co acquired a new position in shares of O’Reilly Automotive during the first quarter valued at $41,000. Washington Trust Advisors Inc. lifted its stake in shares of O’Reilly Automotive by 31.0% during the fourth 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 during the period. Finally, Financial Management Professionals Inc. lifted its stake in shares of 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 acquiring an additional 13 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORLY. Truist Financial dropped their price objective on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a report on Friday, April 26th. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, April 25th. Wells Fargo & Company dropped their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Finally, UBS Group upped their price objective on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,123.64.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $1,056.06 on Friday. The stock has a 50 day moving average price of $1,017.01 and a 200 day moving average price of $1,033.90. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. The stock has a market capitalization of $62.19 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.94 and a beta of 0.89.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating 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 firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the firm posted $8.28 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 41.93 EPS for the current year.

Insider Activity at O’Reilly Automotive

In related news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were 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 of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

About O’Reilly Automotive

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.