Avantax Advisory Services Inc. Raises Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Avantax Advisory Services Inc. raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,304 shares of the specialty retailer’s stock after purchasing an additional 138 shares during the period. Avantax Advisory Services Inc.’s holdings in O’Reilly Automotive were worth $1,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fortune Financial Advisors LLC increased its position in shares of O’Reilly Automotive by 2.4% during the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock worth $2,325,000 after purchasing an additional 57 shares in the last quarter. SignalPoint Asset Management LLC lifted its position in shares of O’Reilly Automotive by 3.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock worth $48,567,000 after purchasing an additional 1,642 shares in the last quarter. Duality Advisers LP purchased a new position in shares of O’Reilly Automotive in the fourth quarter valued at $924,000. NewEdge Wealth LLC boosted its stake in shares of O’Reilly Automotive by 13.6% in the fourth quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock valued at $32,509,000 after purchasing an additional 4,101 shares during the period. Finally, HB Wealth Management LLC grew its holdings in O’Reilly Automotive by 7.0% during the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock valued at $1,660,000 after purchasing an additional 114 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ORLY. Evercore ISI increased their price target on O’Reilly Automotive from $1,255.00 to $1,275.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, April 25th. Mizuho initiated coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price on the stock. Wells Fargo & Company cut their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. 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 research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,123.64.

View Our Latest Stock Report on O’Reilly Automotive

O’Reilly Automotive Stock Up 0.6 %

ORLY stock opened at $1,012.06 on Friday. The business’s 50-day simple moving average is $1,080.55 and its 200 day simple moving average is $1,026.74. The company has a market cap of $59.60 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $8.28 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 41.93 EPS for the current year.

Insider Buying and Selling

In related news, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of the 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 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 this hyperlink. Also, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the sale, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The disclosure for this sale can be found here. Insiders sold a total of 16,300 shares of company stock valued at $16,988,797 over the last three months. Company insiders own 1.55% of the company’s stock.

About O’Reilly Automotive

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report).

Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.