O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Bellwether Advisors LLC

Bellwether Advisors LLC increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,917 shares of the specialty retailer’s stock after purchasing an additional 38 shares during the quarter. Bellwether Advisors LLC’s holdings in O’Reilly Automotive were worth $2,208,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at about $32,000. Trifecta Capital Advisors LLC increased its stake in O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 23 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in O’Reilly Automotive during the third quarter worth about $37,000. Princeton Global Asset Management LLC purchased a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $41,000. Finally, Crewe Advisors LLC purchased a new position in O’Reilly Automotive in the first quarter worth $43,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.18% of the company’s stock.

O’Reilly Automotive Trading Down 1.3 %

Shares of NASDAQ:ORLY opened at $1,200.59 on Wednesday. The firm has a market cap of $69.31 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 2.46 and a beta of 0.92. The stock’s 50-day moving average price is $1,174.11 and its two-hundred day moving average price is $1,098.28. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the business posted $10.72 earnings per share. O’Reilly Automotive’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Morgan Stanley raised their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Wedbush reiterated a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Truist Financial raised 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. Finally, Bank of America upped 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 report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

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.