O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,119 shares of the specialty retailer’s stock after acquiring an additional 78 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in O’Reilly Automotive were worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ORLY. Rise Advisors LLC purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $36,000. Newbridge Financial Services Group Inc. acquired a new stake in O’Reilly Automotive in the first quarter valued at approximately $37,000. Indiana Trust & Investment Management CO lifted its stake in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 26 shares during the last quarter. Riverview Trust Co acquired a new position in O’Reilly Automotive during the 1st quarter worth approximately $41,000. Finally, Crewe Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. DA Davidson boosted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. UBS Group dropped their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Truist Financial upped their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Evercore ISI dropped their price objective on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating on the stock in a report on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,130.67.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Dana Perlman sold 48 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Dana Perlman sold 48 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the completion of the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,589 shares of company stock valued at $39,989,614. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,121.50 on Tuesday. The stock has a market capitalization of $66.05 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The company has a fifty day moving average of $1,068.05 and a 200-day moving average of $1,060.48.

O’Reilly Automotive (NASDAQ:ORLY) last issued its 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). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period last year, the company posted $10.22 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

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.