Norden Group LLC Takes Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Norden Group LLC acquired a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,112 shares of the specialty retailer’s stock, valued at approximately $5,771,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ORLY. Rise Advisors LLC bought a new position in shares of O’Reilly Automotive in the 1st quarter valued at about $36,000. Indiana Trust & Investment Management CO lifted its stake in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of O’Reilly Automotive during the 1st quarter worth about $41,000. Washington Trust Advisors Inc. lifted its stake in shares of O’Reilly Automotive by 31.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock worth $52,000 after buying an additional 13 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in shares of O’Reilly Automotive by 29.5% during the 4th quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock worth $54,000 after buying an additional 13 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Activity

In related news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at approximately $726,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive 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 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. Corporate insiders own 1.18% of the company’s stock.

O’Reilly Automotive Trading Down 1.6 %

Shares of NASDAQ:ORLY opened at $1,020.54 on Friday. The firm has a 50 day moving average of $1,012.96 and a 200-day moving average of $1,035.21. The stock has a market capitalization of $60.10 billion, a PE ratio of 25.90, a PEG ratio of 1.88 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month 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, beating the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $8.28 EPS. On average, research analysts predict that O’Reilly Automotive, Inc. will post 41.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Wedbush restated a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, April 25th. StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Mizuho initiated coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price for the company. Finally, Truist Financial dropped their price objective on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,116.93.

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.