O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,471 shares of the specialty retailer’s stock after selling 773 shares during the period. Dakota Wealth Management’s holdings in O’Reilly Automotive were worth $14,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ORLY. Sunbelt Securities Inc. grew its holdings in shares of O’Reilly Automotive by 10.5% during the first quarter. Sunbelt Securities Inc. now owns 516 shares of the specialty retailer’s stock worth $583,000 after buying an additional 49 shares in the last quarter. 180 Wealth Advisors LLC purchased a new stake in O’Reilly Automotive during the 1st quarter valued at about $308,000. Hengehold Capital Management LLC purchased a new stake in O’Reilly Automotive during the 1st quarter valued at about $239,000. Fifth Third Wealth Advisors LLC lifted its stake in O’Reilly Automotive by 5.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 536 shares of the specialty retailer’s stock worth $605,000 after purchasing an additional 26 shares in the last quarter. Finally, Indiana Trust & Investment Management CO boosted its holdings in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 26 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial increased their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Monday, October 14th. Roth Mkm restated a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Royal Bank of Canada decreased their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Evercore ISI raised their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, UBS Group reduced their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus target price of $1,209.56.

Insiders Place Their Bets

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the sale, the director now directly owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock worth $56,846,062 over the last 90 days. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,199.77 on Friday. The company has a market cap of $69.60 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.29 and a beta of 0.92. The stock has a 50-day moving average of $1,147.32 and a two-hundred day moving average of $1,080.64. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $10.72 EPS. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 41.05 EPS for the current fiscal year.

O’Reilly Automotive Company 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.