Waldron Private Wealth LLC Raises Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Waldron Private Wealth LLC grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 24.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 642 shares of the specialty retailer’s stock after buying an additional 128 shares during the quarter. Waldron Private Wealth LLC’s holdings in O’Reilly Automotive were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Riverview Trust Co bought a new stake in shares of O’Reilly Automotive in the first quarter worth $41,000. Elevated Capital Advisors LLC bought a new position in shares of O’Reilly Automotive in the first quarter worth about $233,000. Sunbelt Securities Inc. lifted its position in shares of O’Reilly Automotive by 10.5% during the 1st quarter. Sunbelt Securities Inc. now owns 516 shares of the specialty retailer’s stock valued at $583,000 after buying an additional 49 shares in the last quarter. Procyon Advisors LLC grew its stake in shares of O’Reilly Automotive by 3.4% during the 1st quarter. Procyon Advisors LLC now owns 2,970 shares of the specialty retailer’s stock valued at $3,353,000 after acquiring an additional 97 shares during the period. Finally, 180 Wealth Advisors LLC purchased a new stake in O’Reilly Automotive in the 1st quarter worth approximately $308,000. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ORLY. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company upped their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Bank of America lifted their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,206.87.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,205.38 on Wednesday. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,221.18. The firm has a market cap of $69.92 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 2.30 and a beta of 0.92. The firm’s fifty day moving average is $1,145.92 and its two-hundred day moving average is $1,079.80.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the previous year, the business earned $10.22 EPS. O’Reilly Automotive’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that O’Reilly Automotive, Inc. will post 41.06 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, Director Dana Perlman sold 48 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now owns 1,097 shares in the company, valued at $1,217,406.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 in the last three months. 1.55% of the stock is currently owned by company insiders.

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.