O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stake Lessened by Salvus Wealth Management LLC

Salvus Wealth Management LLC trimmed its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,426 shares of the specialty retailer’s stock after selling 12 shares during the quarter. O’Reilly Automotive makes up 1.1% of Salvus Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Salvus Wealth Management LLC’s holdings in O’Reilly Automotive were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ORLY. Ritholtz Wealth Management lifted its stake in O’Reilly Automotive by 2.0% during the fourth quarter. Ritholtz Wealth Management now owns 2,419 shares of the specialty retailer’s stock worth $2,868,000 after purchasing an additional 48 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of O’Reilly Automotive by 23.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 347 shares of the specialty retailer’s stock worth $411,000 after buying an additional 67 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of O’Reilly Automotive by 21.3% in the 4th quarter. Park Avenue Securities LLC now owns 747 shares of the specialty retailer’s stock worth $886,000 after buying an additional 131 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of O’Reilly Automotive by 10.5% in the 4th quarter. Kathmere Capital Management LLC now owns 894 shares of the specialty retailer’s stock valued at $1,060,000 after buying an additional 85 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in O’Reilly Automotive by 32.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 102,128 shares of the specialty retailer’s stock worth $121,103,000 after acquiring an additional 25,091 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

O’Reilly Automotive Trading Up 0.1 %

Shares of NASDAQ ORLY opened at $1,204.72 on Friday. The firm has a 50-day moving average of $1,223.94 and a two-hundred day moving average of $1,159.16. The company has a market capitalization of $69.55 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.23 and a beta of 0.94. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly 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). The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $10.72 EPS. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Analysts Set New Price Targets

ORLY has been the subject of several recent research reports. Royal Bank of Canada upped their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Evercore ISI upped their price objective on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. DA Davidson reiterated a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Wedbush reiterated a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus price target of $1,270.69.

O’Reilly Automotive Company Profile

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.