First Horizon Advisors Inc. Lowers Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

First Horizon Advisors Inc. decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 394 shares of the specialty retailer’s stock after selling 21 shares during the period. First Horizon Advisors Inc.’s holdings in O’Reilly Automotive were worth $454,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC boosted its position in shares of O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of O’Reilly Automotive during the 3rd quarter valued at $37,000. Princeton Global Asset Management LLC purchased a new stake in shares of O’Reilly Automotive in the 3rd quarter worth about $41,000. Kings Path Partners LLC bought a new position in shares of O’Reilly Automotive in the 2nd quarter worth about $44,000. Finally, ORG Partners LLC bought a new position in shares of O’Reilly Automotive in the 2nd quarter worth about $48,000. Institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Wedbush restated a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays increased their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,227.37 on Friday. The firm has a market capitalization of $70.86 billion, a P/E ratio of 30.37, a PEG ratio of 2.44 and a beta of 0.92. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,255.30. The business has a fifty day moving average of $1,179.37 and a 200 day moving average of $1,101.12.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the business posted $10.72 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.55% of the stock is owned by corporate insiders.

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.