O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC reduced its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,704 shares of the specialty retailer’s stock after selling 119 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $22,179,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ORLY. AlphaMark Advisors LLC acquired a new position in shares of O’Reilly Automotive during the 4th quarter worth about $30,000. Darwin Wealth Management LLC acquired a new position in shares of O’Reilly Automotive during the 3rd quarter worth about $32,000. Kestra Investment Management LLC acquired a new position in shares of O’Reilly Automotive during the 4th quarter worth about $32,000. MidAtlantic Capital Management Inc. acquired a new position in shares of O’Reilly Automotive during the 3rd quarter worth about $37,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of O’Reilly Automotive during the 3rd quarter worth about $41,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on ORLY. BMO Capital Markets boosted their target price on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Royal Bank of Canada boosted their target price on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Barclays boosted their target price on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. UBS Group boosted their target price on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Mizuho boosted their target price on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Trading Down 0.7 %

Shares of ORLY stock opened at $1,303.41 on Friday. The company has a market cap of $75.25 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The stock has a 50 day simple moving average of $1,253.69 and a 200-day simple moving average of $1,202.38. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the sale, the senior vice president now owns 275 shares in the company, valued at $364,375. This represents a 64.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,201 shares of company stock valued at $2,840,852. Corporate insiders own 1.55% of the company’s stock.

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.