Avidian Wealth Solutions LLC Purchases Shares of 189 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Avidian Wealth Solutions LLC acquired a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 189 shares of the specialty retailer’s stock, valued at approximately $213,000.

Other large investors have also made changes to their positions in the company. Groesbeck Investment Management Corp NJ increased its position in O’Reilly Automotive by 0.7% in the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after buying an additional 10 shares during the period. Lindbrook Capital LLC raised its stake in O’Reilly Automotive by 3.9% during the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock valued at $251,000 after purchasing an additional 10 shares during the last quarter. Pinnacle Associates Ltd. boosted 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 valued at $820,000 after purchasing an additional 10 shares during the period. Sunbelt Securities Inc. grew its position in O’Reilly Automotive by 2.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock worth $418,000 after purchasing an additional 11 shares during the last quarter. Finally, Atlas Brown Inc. increased its holdings in shares of O’Reilly Automotive by 2.8% during the 4th quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer’s stock worth $380,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In other news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the sale, the director now directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the sale, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares in the company, valued at $726,740. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock traded up $12.57 on Wednesday, reaching $1,028.19. The company’s stock had a trading volume of 290,435 shares, compared to its average volume of 395,195. The business’s fifty day moving average price is $1,011.71 and its 200 day moving average price is $1,037.59. The company has a market cap of $60.55 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.88 and a beta of 0.92. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.28 EPS. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 41.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Truist Financial lowered their price objective on O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Evercore ISI reduced their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, UBS Group raised their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,116.93.

Check Out Our Latest Report on O’Reilly Automotive

O’Reilly Automotive Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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