Verde Capital Management Acquires 1,005 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Verde Capital Management lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 100.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,007 shares of the specialty retailer’s stock after purchasing an additional 1,005 shares during the quarter. O’Reilly Automotive accounts for approximately 0.7% of Verde Capital Management’s investment portfolio, making the stock its 26th largest holding. Verde Capital Management’s holdings in O’Reilly Automotive were worth $2,380,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive during the 3rd quarter worth $32,000. Trifecta Capital Advisors LLC increased its holdings in O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 23 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of O’Reilly Automotive in the 3rd quarter valued at approximately $37,000. Princeton Global Asset Management LLC bought a new stake in shares of O’Reilly Automotive during the 3rd quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in O’Reilly Automotive during the fourth quarter worth $46,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,261.62 on Friday. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,283.96. The company has a market cap of $72.83 billion, a PE ratio of 31.21, a PEG ratio of 2.30 and a beta of 0.94. The firm has a 50-day moving average of $1,223.62 and a 200-day moving average of $1,166.15.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the company posted $10.72 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 40.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

ORLY has been the topic of a number of recent analyst reports. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Truist Financial increased their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets began coverage on O’Reilly Automotive in a report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 target price for the company. Royal Bank of Canada lifted their price target on 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. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $1,337.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $1,289.44.

Insider Buying and Selling

In related news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

About O’Reilly Automotive

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.