Wealth Enhancement Advisory Services LLC Reduces Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Wealth Enhancement Advisory Services LLC reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 17.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,684 shares of the specialty retailer’s stock after selling 1,636 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in O’Reilly Automotive were worth $8,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jennison Associates LLC boosted its position in shares of O’Reilly Automotive by 7.6% during the 4th quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock worth $900,186,000 after acquiring an additional 66,629 shares in the last quarter. Norges Bank acquired a new position in O’Reilly Automotive in the fourth quarter valued at approximately $671,384,000. International Assets Investment Management LLC increased its stake in O’Reilly Automotive by 89,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after purchasing an additional 652,924 shares during the last quarter. Wellington Management Group LLP raised its holdings in 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 worth $434,780,000 after purchasing an additional 397,108 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of O’Reilly Automotive by 12.0% during the 4th quarter. Baird Financial Group Inc. now owns 394,714 shares of the specialty retailer’s stock worth $375,010,000 after buying an additional 42,379 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 0.1 %

Shares of O’Reilly Automotive stock opened at $1,056.06 on Friday. The company’s 50-day simple moving average is $1,017.01 and its 200-day simple moving average is $1,033.90. The firm has a market cap of $62.20 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.94 and a beta of 0.89. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11.

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

Insider Buying and Selling

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The shares were 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 directly owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction dated 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 sale, the director now directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated 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 transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ORLY. Wedbush reiterated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 25th. StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Mizuho assumed coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target on the stock. Truist Financial reduced 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 research note on Friday, April 26th. Finally, UBS Group raised their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.