Empirical Finance LLC Purchases 71 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Empirical Finance LLC increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,296 shares of the specialty retailer’s stock after purchasing an additional 71 shares during the period. Empirical Finance LLC’s holdings in O’Reilly Automotive were worth $2,592,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ORLY. Groesbeck Investment Management Corp NJ boosted its position in shares of O’Reilly Automotive by 0.7% during the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after buying an additional 10 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of O’Reilly Automotive by 3.9% in the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after acquiring an additional 10 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of O’Reilly Automotive by 1.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after acquiring an additional 10 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of O’Reilly Automotive by 2.4% in the third quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock valued at $418,000 after purchasing an additional 11 shares during the last quarter. Finally, Atlas Brown Inc. lifted its position in shares of O’Reilly Automotive by 2.8% during the fourth quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer’s stock valued at $380,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on ORLY shares. Mizuho started coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective for the company. UBS Group lifted their price target on 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. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Truist Financial decreased their target price on O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Finally, Evercore ISI cut their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,116.93.

Insider Transactions at O’Reilly Automotive

In related news, CEO Brad W. Beckham sold 6,032 shares of the company’s 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 sale, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, May 29th. The stock was 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 is accessible through this hyperlink. Also, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was 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. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,040.11 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The stock’s fifty day moving average price is $1,013.25 and its two-hundred day moving average price is $1,038.10. The company has a market cap of $61.25 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.90 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.28 EPS. On average, analysts expect that O’Reilly Automotive, Inc. will post 41.86 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.