Sequoia Financial Advisors LLC Sells 302 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Sequoia Financial Advisors LLC cut its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 15.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,634 shares of the specialty retailer’s stock after selling 302 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in O’Reilly Automotive were worth $1,845,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of O’Reilly Automotive by 4.5% in the first quarter. Principal Financial Group Inc. now owns 1,793,461 shares of the specialty retailer’s stock worth $2,024,604,000 after buying an additional 76,517 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of O’Reilly Automotive by 15.0% in the first quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock worth $1,587,784,000 after buying an additional 183,296 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of O’Reilly Automotive by 7.6% in the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock worth $900,186,000 after buying an additional 66,629 shares during the last quarter. Norges Bank purchased a new position in shares of O’Reilly Automotive in the fourth quarter worth approximately $671,384,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of O’Reilly Automotive by 89,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after buying an additional 652,924 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 1,500 shares of the business’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 sale, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction dated 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 completion of 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. Company insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

ORLY has been the topic of a number of research reports. Truist Financial dropped their price objective on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating on the stock in a report on Tuesday. Evercore ISI lowered 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 report on Tuesday. Mizuho assumed coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target on the stock. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, April 25th. Finally, UBS Group lifted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,116.93.

O’Reilly Automotive Trading Up 0.6 %

ORLY traded up $6.28 during trading hours on Friday, hitting $1,026.82. The company’s stock had a trading volume of 305,008 shares, compared to its average volume of 427,969. The business’s 50-day moving average price is $1,011.95 and its 200-day moving average price is $1,035.58. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The stock has a market cap of $60.47 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 1.88 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate 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 company 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 business posted $8.28 earnings per share. O’Reilly Automotive’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts forecast that O’Reilly Automotive, Inc. will post 41.86 earnings per share for the current year.

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.