Resources Management Corp CT ADV Acquires 209 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Resources Management Corp CT ADV boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,248 shares of the specialty retailer’s stock after purchasing an additional 209 shares during the quarter. O’Reilly Automotive comprises about 1.0% of Resources Management Corp CT ADV’s holdings, making the stock its 27th biggest holding. Resources Management Corp CT ADV’s holdings in O’Reilly Automotive were worth $6,598,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in O’Reilly Automotive by 656.2% during the 4th 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. boosted its position in shares of O’Reilly Automotive by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after buying an additional 376,167 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in O’Reilly Automotive by 15.0% in 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 buying an additional 183,296 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in O’Reilly Automotive by 4,574.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 129,145 shares of the specialty retailer’s stock worth $122,698,000 after buying an additional 126,382 shares during the last quarter. Finally, TD Asset Management Inc raised its position in O’Reilly Automotive by 148.1% in the 4th quarter. TD Asset Management Inc now owns 176,374 shares of the specialty retailer’s stock worth $167,569,000 after buying an additional 105,291 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ORLY shares. Truist Financial lifted their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. 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 reiterated 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. Bank of America increased their price objective on shares of 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. Finally, Wells Fargo & Company lifted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average price target of $1,144.06.

Insider Transactions at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 18,264 shares of the 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 owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock valued at $56,846,062 in the last 90 days. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,119.84 on Tuesday. The firm has a market capitalization of $64.96 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11. The company has a 50-day moving average of $1,112.81 and a 200 day moving average of $1,072.55.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results 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). The firm had revenue of $4.27 billion during 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%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.22 EPS. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

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.