Wealthspire Advisors LLC Buys 12 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Wealthspire Advisors LLC grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 521 shares of the specialty retailer’s stock after purchasing an additional 12 shares during the quarter. Wealthspire Advisors LLC’s holdings in O’Reilly Automotive were worth $550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pinnacle Associates Ltd. lifted its holdings in O’Reilly Automotive by 1.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after buying an additional 10 shares during the period. Industrial Alliance Investment Management Inc. boosted its holdings in O’Reilly Automotive by 2.6% in the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after acquiring an additional 10 shares in the last quarter. Marcum Wealth LLC increased its position in O’Reilly Automotive by 5.1% during the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 10 shares during the period. Ausdal Financial Partners Inc. raised its holdings in O’Reilly Automotive by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 10 shares in the last quarter. Finally, L.M. Kohn & Company lifted its position in shares of O’Reilly Automotive by 1.9% in the 4th quarter. L.M. Kohn & Company now owns 591 shares of the specialty retailer’s stock worth $561,000 after purchasing an additional 11 shares during the period. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

ORLY opened at $1,130.72 on Tuesday. The company’s 50-day simple moving average is $1,103.88 and its two-hundred day simple moving average is $1,071.20. The stock has a market capitalization of $65.59 billion, a P/E ratio of 28.70, a P/E/G ratio of 2.13 and a beta of 0.92. 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 Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.22 EPS. Research analysts forecast that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the sale, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the sale, the chairman now owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ORLY. Royal Bank of Canada reduced their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. UBS Group decreased their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Truist Financial raised their price objective on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America upped their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI lifted their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and an average target price of $1,144.06.

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.