First Trust Direct Indexing L.P. Grows Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

First Trust Direct Indexing L.P. lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 9.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,200 shares of the specialty retailer’s stock after buying an additional 101 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in O’Reilly Automotive were worth $1,355,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Norden Group LLC purchased a new position in shares of O’Reilly Automotive in the first quarter worth $5,771,000. Meadow Creek Wealth Advisors LLC increased its position in O’Reilly Automotive by 479.3% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 1,570 shares of the specialty retailer’s stock worth $1,772,000 after purchasing an additional 1,299 shares during the last quarter. Lake Street Private Wealth LLC increased its position in O’Reilly Automotive by 76.0% in the first quarter. Lake Street Private Wealth LLC now owns 447 shares of the specialty retailer’s stock worth $505,000 after purchasing an additional 193 shares during the last quarter. KFG Wealth Management LLC increased its position in O’Reilly Automotive by 3.3% in the first quarter. KFG Wealth Management LLC now owns 443 shares of the specialty retailer’s stock worth $500,000 after purchasing an additional 14 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its position in O’Reilly Automotive by 21.0% in the first quarter. Valeo Financial Advisors LLC now owns 1,002 shares of the specialty retailer’s stock worth $1,131,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several research reports. Evercore ISI reduced their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating on the stock in a research report on Tuesday. UBS Group boosted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Mizuho initiated coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price target on the stock. Truist Financial reduced their price target on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Wedbush reiterated a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Four 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,116.93.

Insider Buying and Selling

In related news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction dated 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 sale, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

O’Reilly Automotive Trading Down 1.6 %

Shares of ORLY traded down $16.52 during trading hours on Thursday, reaching $1,020.54. 254,954 shares of the company traded hands, compared to its average volume of 476,262. The firm has a market cap of $60.10 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.90 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The stock’s fifty day moving average price is $1,012.96 and its 200 day moving average price is $1,035.21.

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