Congress Asset Management Co. MA Sells 769 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Congress Asset Management Co. MA trimmed its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,466 shares of the specialty retailer’s stock after selling 769 shares during the period. Congress Asset Management Co. MA owned approximately 0.19% of O’Reilly Automotive worth $123,574,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ORLY. Groesbeck Investment Management Corp NJ increased its position in shares of O’Reilly Automotive by 0.7% during 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 purchasing an additional 10 shares during the period. Lindbrook Capital LLC lifted 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 worth $251,000 after acquiring an additional 10 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of O’Reilly Automotive by 2.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock worth $418,000 after acquiring an additional 11 shares during the period. Atlas Brown Inc. boosted its position in shares of O’Reilly Automotive by 2.8% during the 4th quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer’s stock valued at $380,000 after acquiring an additional 11 shares in the last quarter. Finally, L.M. Kohn & Company increased its stake in O’Reilly Automotive by 1.9% in the fourth quarter. L.M. Kohn & Company now owns 591 shares of the specialty retailer’s stock valued at $561,000 after acquiring an additional 11 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive 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 completion of the sale, the director now directly 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 SEC, which can be accessed through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value 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 approximately $726,740. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Trading Up 0.1 %

Shares of O’Reilly Automotive stock traded up $1.22 during midday trading on Friday, reaching $1,081.79. The company had a trading volume of 663,576 shares, compared to its average volume of 447,738. The stock has a fifty day simple moving average of $1,019.81 and a 200 day simple moving average of $1,030.53. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11. The company has a market capitalization of $63.71 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.89.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $8.28 EPS. Sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of analyst reports. UBS Group raised their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Mizuho initiated coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective for the company. Truist Financial reduced their target price on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Finally, StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,123.64.

Read Our Latest Research Report on ORLY

O’Reilly Automotive Profile

(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.

See Also

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

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