Atria Investments Inc Reduces Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Atria Investments Inc reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,899 shares of the specialty retailer’s stock after selling 113 shares during the period. Atria Investments Inc’s holdings in O’Reilly Automotive were worth $5,486,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ORLY. Rise Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $37,000. Indiana Trust & Investment Management CO boosted its holdings in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares during the period. Riverview Trust Co acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $41,000. Finally, Crewe Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $43,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock traded up $3.62 during trading hours on Friday, hitting $1,137.02. The stock had a trading volume of 477,432 shares, compared to its average volume of 395,838. The stock has a market capitalization of $66.96 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11. The stock’s fifty day moving average is $1,035.57 and its two-hundred day moving average is $1,052.67.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $10.22 earnings per share. As a group, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 41.14 EPS for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the sale, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Insiders sold 35,541 shares of company stock worth $39,936,345 over the last three months. 1.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ORLY shares. Evercore ISI decreased their price objective on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. UBS Group decreased their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Royal Bank of Canada decreased their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, DA Davidson increased their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,130.67.

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.