O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by Ascent Group LLC

Ascent Group LLC grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,394 shares of the specialty retailer’s stock after purchasing an additional 199 shares during the quarter. Ascent Group LLC’s holdings in O’Reilly Automotive were worth $3,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORLY. Pinnacle Associates Ltd. boosted its position in shares of O’Reilly Automotive by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after purchasing an additional 10 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its position in shares of O’Reilly Automotive by 2.6% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after purchasing an additional 10 shares in the last quarter. Marcum Wealth LLC boosted its position in shares of O’Reilly Automotive by 5.1% during the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after purchasing an additional 10 shares in the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of O’Reilly Automotive by 2.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 10 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in shares of O’Reilly Automotive by 3.7% during the 1st quarter. Arkadios Wealth Advisors now owns 306 shares of the specialty retailer’s stock worth $345,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 1.2 %

Shares of ORLY stock opened at $1,146.03 on Friday. The firm has a 50-day moving average price of $1,121.20 and a 200 day moving average price of $1,074.23. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The company has a market capitalization of $66.48 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.14 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the prior year, the company earned $10.22 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Insider Activity

In other news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 in the last 90 days. 1.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on ORLY. 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 report on Friday, July 26th. Truist Financial lifted their price target on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company lifted their price target on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. UBS Group cut their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Finally, Bank of America lifted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,144.06.

O’Reilly Automotive 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.