MONECO Advisors LLC Grows Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

MONECO Advisors LLC lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 11.1% in the first quarter, HoldingsChannel.com reports. The fund owned 421 shares of the specialty retailer’s stock after acquiring an additional 42 shares during the quarter. MONECO Advisors LLC’s holdings in O’Reilly Automotive were worth $288,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lloyd Advisory Services LLC. bought a new stake in shares of O’Reilly Automotive during the 1st quarter worth $26,000. Riverview Trust Co bought a new stake in shares of O’Reilly Automotive during the 1st quarter worth $27,000. Atlas Capital Advisors LLC bought a new stake in shares of O’Reilly Automotive during the 4th quarter worth $30,000. Comprehensive Financial Consultants Institutional Inc. bought a new stake in shares of O’Reilly Automotive during the 4th quarter worth $28,000. Finally, Mascoma Wealth Management LLC lifted 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 last quarter. 82.76% of the stock is owned by institutional investors.

Insider Activity at O’Reilly Automotive

In related news, CFO Jeremy Adam Fletcher purchased 835 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 20th. The shares were bought at an average price of $600.00 per share, for a total transaction of $501,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,897 shares of the company’s stock, valued at $1,138,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 7,145 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $700.00, for a total value of $5,001,500.00. Following the sale, the chairman now owns 294,582 shares in the company, valued at $206,207,400. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeremy Adam Fletcher acquired 835 shares of the business’s stock in a transaction on Friday, May 20th. The stock was acquired at an average price of $600.00 per share, for a total transaction of $501,000.00. Following the acquisition, the chief financial officer now owns 1,897 shares of the company’s stock, valued at approximately $1,138,200. The disclosure for this purchase can be found here. Insiders have sold 9,094 shares of company stock worth $6,384,893 over the last 90 days. 1.73% of the stock is owned by company insiders.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $709.01 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $562.90 and a 1 year high of $748.68. The company’s 50-day moving average is $650.33 and its 200 day moving average is $659.61. The stock has a market capitalization of $46.60 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.79 and a beta of 1.00.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.98 by ($0.20). O’Reilly Automotive had a net margin of 15.55% and a negative return on equity of 520.10%. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the prior year, the firm earned $8.33 EPS. O’Reilly Automotive’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that O’Reilly Automotive, Inc. will post 31.56 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of O’Reilly Automotive from $667.00 to $745.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup boosted their price target on shares of O’Reilly Automotive from $662.00 to $720.00 in a research note on Thursday, July 28th. Truist Financial lowered their price target on shares of O’Reilly Automotive from $788.00 to $770.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Bank of America raised shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price target for the company in a research note on Tuesday, May 10th. Finally, Stephens boosted their price target on shares of O’Reilly Automotive from $765.00 to $800.00 and gave the stock an “overweight” rating in a research note on Monday, August 1st. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $749.23.

O’Reilly Automotive Profile

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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.

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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