Geneos Wealth Management Inc. Has $694,000 Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Geneos Wealth Management Inc. grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 668.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 615 shares of the specialty retailer’s stock after acquiring an additional 535 shares during the quarter. Geneos Wealth Management Inc.’s holdings in O’Reilly Automotive were worth $694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Groesbeck Investment Management Corp NJ lifted its stake in O’Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after acquiring an additional 10 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of O’Reilly Automotive by 3.9% during the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock valued at $251,000 after purchasing an additional 10 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of O’Reilly Automotive by 1.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock valued at $820,000 after purchasing an additional 10 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in O’Reilly Automotive by 2.4% in the third quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock worth $418,000 after purchasing an additional 11 shares in the last quarter. Finally, Atlas Brown Inc. increased its position in O’Reilly Automotive by 2.8% during the fourth quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer’s stock worth $380,000 after buying an additional 11 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY traded up $4.80 during midday trading on Thursday, reaching $1,032.99. The company’s stock had a trading volume of 404,495 shares, compared to its average volume of 395,350. The business’s fifty day simple moving average is $1,012.17 and its 200-day simple moving average is $1,037.52. The company has a market capitalization of $60.83 billion, a P/E ratio of 26.10, a P/E/G ratio of 1.88 and a beta of 0.92. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $8.28 earnings per share. On average, analysts forecast that O’Reilly Automotive, Inc. will post 41.86 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction 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 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 is available at this hyperlink. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ORLY. Wells Fargo & Company cut their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Mizuho started 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. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, April 25th. Evercore ISI dropped their target price 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, July 2nd. Finally, StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,116.93.

O’Reilly Automotive 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.