Blue Zone Wealth Advisors LLC Purchases 124 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Blue Zone Wealth Advisors LLC grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,734 shares of the specialty retailer’s stock after purchasing an additional 124 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $4,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Deltec Asset Management LLC acquired a new stake in O’Reilly Automotive in the 1st quarter valued at $847,000. Cornerstone Wealth Group LLC acquired a new position in shares of O’Reilly Automotive during the 1st quarter worth about $243,000. MCF Advisors LLC raised its holdings in shares of O’Reilly Automotive by 12.3% in the 1st quarter. MCF Advisors LLC now owns 912 shares of the specialty retailer’s stock valued at $1,030,000 after purchasing an additional 100 shares during the period. Toth Financial Advisory Corp lifted its stake in O’Reilly Automotive by 2.1% in the 1st quarter. Toth Financial Advisory Corp now owns 4,164 shares of the specialty retailer’s stock valued at $4,701,000 after purchasing an additional 86 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its stake in O’Reilly Automotive by 4.1% in the 1st quarter. Hodges Capital Management Inc. now owns 485 shares of the specialty retailer’s stock valued at $548,000 after buying an additional 19 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at approximately $726,740. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction on 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 transaction, the director now directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock traded down $1.36 during midday trading on Friday, hitting $1,056.06. 585,662 shares of the company traded hands, compared to its average volume of 476,104. The firm’s fifty day moving average price is $1,017.01 and its 200-day moving average price is $1,034.26. The stock has a market cap of $62.19 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.94 and a beta of 0.89. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the firm posted $8.28 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ORLY shares. Evercore ISI boosted their price objective on O’Reilly Automotive from $1,265.00 to $1,275.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Mizuho initiated coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective on the stock. Wells Fargo & Company dropped their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Wedbush reissued a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,123.64.

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.