Westwood Holdings Group Inc. Grows Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Westwood Holdings Group Inc. grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,373 shares of the specialty retailer’s stock after buying an additional 4,278 shares during the period. Westwood Holdings Group Inc. owned 0.14% of O’Reilly Automotive worth $85,935,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC purchased a new stake in O’Reilly Automotive during the first quarter valued at about $36,000. Indiana Trust & Investment Management CO boosted its stake in shares of O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Riverview Trust Co purchased a new position in shares of O’Reilly Automotive in the first quarter worth $41,000. Crewe Advisors LLC purchased a new stake in O’Reilly Automotive during the 1st quarter valued at $43,000. Finally, Kings Path Partners LLC bought a new stake in O’Reilly Automotive in the 2nd quarter worth $44,000. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 0.6 %

Shares of ORLY stock opened at $1,109.05 on Friday. The firm has a market capitalization of $64.34 billion, a PE ratio of 28.15, a P/E/G ratio of 2.15 and a beta of 0.92. The company has a 50 day moving average price of $1,111.26 and a 200-day moving average price of $1,072.45. 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 announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. O’Reilly Automotive’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.22 earnings per share. Analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the sale, the director now directly owns 1,097 shares in the company, valued at approximately $1,217,406.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,411 shares of company stock valued at $56,846,062. Insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Bank of America raised their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI raised 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. Wedbush reissued a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Truist Financial raised their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, UBS Group reduced their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,144.06.

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.