O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 39.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 496 shares of the specialty retailer’s stock after purchasing an additional 140 shares during the quarter. Valley Wealth Managers Inc.’s holdings in O’Reilly Automotive were worth $571,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC purchased a new position in shares of O’Reilly Automotive in the first quarter worth $254,000. Nicolet Advisory Services LLC boosted its position in O’Reilly Automotive by 14.0% in the first quarter. Nicolet Advisory Services LLC now owns 612 shares of the specialty retailer’s stock valued at $671,000 after buying an additional 75 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of O’Reilly Automotive by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after purchasing an additional 376,167 shares during the last quarter. Spirepoint Private Client LLC purchased a new stake in shares of O’Reilly Automotive in the first quarter worth about $601,000. Finally, Vanguard Group Inc. grew its holdings in O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock worth $5,739,462,000 after acquiring an additional 75,837 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,213.37 on Friday. The stock has a market cap of $70.05 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,255.30. The firm has a fifty day moving average price of $1,170.83 and a 200 day moving average price of $1,094.28.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company 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 14.52% and a negative return on equity of 155.25%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $10.72 EPS. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the transaction, the director now directly owns 141,589 shares in the company, valued at $158,511,717.28. This trade represents a 8.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,322 shares of company stock worth $18,280,698. 1.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on ORLY shares. Evercore ISI boosted their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Royal Bank of Canada boosted their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Truist Financial raised their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

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.