Allworth Financial LP Cuts Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Allworth Financial LP decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 556 shares of the specialty retailer’s stock after selling 10 shares during the period. Allworth Financial LP’s holdings in O’Reilly Automotive were worth $691,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ORLY. AlphaMark Advisors LLC acquired a new stake in O’Reilly Automotive in the 4th quarter worth approximately $30,000. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive in the 3rd quarter worth approximately $32,000. MidAtlantic Capital Management Inc. acquired a new stake in O’Reilly Automotive in the 3rd quarter worth approximately $37,000. Princeton Global Asset Management LLC acquired a new stake in O’Reilly Automotive in the 3rd quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in O’Reilly Automotive during the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Up 1.3 %

ORLY stock opened at $1,312.44 on Friday. The business has a 50 day simple moving average of $1,253.03 and a 200-day simple moving average of $1,200.38. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,350.27. The company has a market capitalization of $75.77 billion, a P/E ratio of 32.28, a PEG ratio of 2.31 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Research analysts predict that O’Reilly Automotive, Inc. will post 44.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Mark Joseph Merz sold 500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the transaction, the senior vice president now directly owns 275 shares of the company’s stock, valued at $364,375. The trade was a 64.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,368 shares of company stock worth $1,757,952. 1.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ORLY has been the subject of several research reports. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Truist Financial lifted their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. Mizuho lifted their target price on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a report on Friday, February 7th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Finally, TD Cowen lifted their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $1,390.81.

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.