Axxcess Wealth Management LLC Trims Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Axxcess Wealth Management LLC lowered its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 14.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,646 shares of the specialty retailer’s stock after selling 272 shares during the quarter. Axxcess Wealth Management LLC’s holdings in O’Reilly Automotive were worth $1,738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP lifted its position 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 valued at $434,780,000 after purchasing an additional 397,108 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of O’Reilly Automotive by 56.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after acquiring an additional 376,167 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of O’Reilly Automotive by 15.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock worth $1,587,784,000 after acquiring an additional 183,296 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in O’Reilly Automotive by 4,574.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 129,145 shares of the specialty retailer’s stock worth $122,698,000 after acquiring an additional 126,382 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in O’Reilly Automotive by 148.1% in the fourth quarter. TD Asset Management Inc now owns 176,374 shares of the specialty retailer’s stock valued at $167,569,000 after acquiring an additional 105,291 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the sale, the director now directly owns 141,589 shares of the company’s stock, valued at approximately $158,511,717.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 over the last three months. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

ORLY has been the subject of several research analyst reports. Evercore ISI lifted their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. UBS Group dropped their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Bank of America increased their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, Wedbush reaffirmed a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,144.06.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,133.19 on Thursday. The firm has a market cap of $65.74 billion, a P/E ratio of 28.76, a P/E/G ratio of 2.13 and a beta of 0.92. The business’s 50 day moving average price is $1,108.23 and its 200-day moving average price is $1,071.93. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the previous year, the firm posted $10.22 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities analysts predict that O’Reilly Automotive, Inc. will post 41.13 EPS for the current 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.