Oak Thistle LLC Sells 2,027 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Oak Thistle LLC lowered its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 84.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 379 shares of the specialty retailer’s stock after selling 2,027 shares during the period. Oak Thistle LLC’s holdings in O’Reilly Automotive were worth $428,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Fortune Financial Advisors LLC increased its position in O’Reilly Automotive by 2.4% in the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after buying an additional 57 shares in the last quarter. Perpetual Ltd lifted its stake in shares of O’Reilly Automotive by 322.6% in the first quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock valued at $1,289,000 after buying an additional 871 shares in the last quarter. Wellington Management Group LLP grew its holdings 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 last quarter. Stifel Financial Corp increased its position in shares of O’Reilly Automotive by 7.4% during the fourth quarter. Stifel Financial Corp now owns 36,728 shares of the specialty retailer’s stock worth $34,894,000 after acquiring an additional 2,535 shares in the last quarter. Finally, SignalPoint Asset Management LLC raised its holdings in shares of O’Reilly Automotive by 3.3% in the 4th quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock worth $48,567,000 after acquiring an additional 1,642 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s 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 directly owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 sale, 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 SEC, which is available at this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the business’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 transaction of $1,424,250.00. Following the transaction, the director now directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

ORLY has been the subject of several analyst reports. Truist Financial lowered 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. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Wells Fargo & Company dropped their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Finally, UBS Group lifted 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 given a buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,123.64.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,016.32 on Tuesday. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The business has a 50-day moving average of $1,017.01 and a 200 day moving average of $1,034.26. The firm has a market cap of $59.85 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92.

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

O’Reilly Automotive 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.