Wellington Wealth Strategies LLC. Buys New Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Wellington Wealth Strategies LLC. acquired a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 201 shares of the specialty retailer’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of O’Reilly Automotive by 3.8% during the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after buying an additional 2,214 shares during the last quarter. Fortune Financial Advisors LLC lifted its position in shares of O’Reilly Automotive by 2.4% during the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after buying an additional 57 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of O’Reilly Automotive by 5.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock valued at $16,723,000 after purchasing an additional 701 shares during the period. Perpetual Ltd raised its stake in shares of O’Reilly Automotive by 322.6% during the 1st quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock valued at $1,289,000 after purchasing an additional 871 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of O’Reilly Automotive by 656.2% during the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after purchasing an additional 397,108 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 1.8 %

Shares of O’Reilly Automotive stock traded up $19.17 during trading on Friday, hitting $1,112.08. 347,710 shares of the stock traded hands, compared to its average volume of 397,267. The stock has a market cap of $65.49 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.94 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. The firm’s fifty day moving average is $1,019.39 and its 200-day moving average is $1,044.87.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 145.52% and a net margin of 14.57%. The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the business earned $10.22 earnings per share. O’Reilly Automotive’s revenue was up 5.0% compared to the same quarter last year. On average, analysts forecast that O’Reilly Automotive, Inc. will post 41.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $30,016,543.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 3rd. The stock was 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 owns 716 shares in the company, valued at $726,740. The disclosure for this sale can be found here. 1.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of analyst reports. StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Evercore ISI decreased their price objective on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. DA Davidson upped their target price on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group decreased their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Finally, Truist Financial upped their target price 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. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and an average price target of $1,130.67.

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.