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Vestmark Advisory Solutions Inc. lowered its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 295 shares of the specialty retailer’s stock after selling 16 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in O’Reilly Automotive were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORLY. Riverview Trust Co bought a new stake in O’Reilly Automotive in the first quarter worth $27,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in O’Reilly Automotive in the fourth quarter worth $28,000. Atlas Capital Advisors LLC purchased a new stake in O’Reilly Automotive in the fourth quarter worth $30,000. CVA Family Office LLC purchased a new stake in O’Reilly Automotive in the fourth quarter worth $49,000. Finally, Mascoma Wealth Management LLC increased its stake in O’Reilly Automotive by 125.6% in the first quarter. Mascoma Wealth Management LLC now owns 97 shares of the specialty retailer’s stock worth $66,000 after purchasing an additional 54 shares during the period. 82.76% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, SVP Jeffrey Lynn Groves bought 175 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average price of $572.77 per share, with a total value of $100,234.75. Following the completion of the acquisition, the senior vice president now directly owns 721 shares of the company’s stock, valued at approximately $412,967.17. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Jeffrey Lynn Groves bought 175 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average price of $572.77 per share, with a total value of $100,234.75. Following the completion of the acquisition, the senior vice president now directly owns 721 shares of the company’s stock, valued at approximately $412,967.17. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jeremy Adam Fletcher purchased 835 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was bought at an average cost of $600.00 per share, with a total value of $501,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,897 shares of the company’s stock, valued at approximately $1,138,200. The disclosure for this purchase can be found here. Corporate insiders own 1.73% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on ORLY shares. Truist Financial cut their price target on O’Reilly Automotive from $837.00 to $788.00 in a research note on Friday, April 29th. Wells Fargo & Company cut their price target on O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 8th. Bank of America upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price target on the stock in a research note on Tuesday, May 10th. DA Davidson upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and raised their price target for the company from $700.00 to $740.00 in a research note on Wednesday, June 29th. Finally, Citigroup cut their target price on O’Reilly Automotive from $720.00 to $662.00 in a research note on Friday, May 13th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $721.04.
O’Reilly Automotive Stock Performance
Shares of NASDAQ ORLY opened at $689.32 on Wednesday. The company has a market cap of $45.31 billion, a PE ratio of 22.09, a P/E/G ratio of 1.65 and a beta of 0.99. The business has a 50-day simple moving average of $629.39 and a two-hundred day simple moving average of $658.29. O’Reilly Automotive, Inc. has a fifty-two week low of $562.90 and a fifty-two week high of $748.68.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The specialty retailer reported $7.17 earnings per share for the quarter, missing the consensus estimate of $7.43 by ($0.26). O’Reilly Automotive had a negative return on equity of 2,699.29% and a net margin of 15.85%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business posted $7.06 EPS. On average, sell-side analysts predict that O’Reilly Automotive, Inc. will post 32.68 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. 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.
Further Reading
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