GSB Wealth Management LLC Lowers Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

GSB Wealth Management LLC reduced its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,276 shares of the specialty retailer’s stock after selling 47 shares during the period. GSB Wealth Management LLC’s holdings in O’Reilly Automotive were worth $2,699,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Daymark Wealth Partners LLC raised its holdings in O’Reilly Automotive by 20.2% in the second quarter. Daymark Wealth Partners LLC now owns 428 shares of the specialty retailer’s stock worth $452,000 after buying an additional 72 shares during the last quarter. MBB Public Markets I LLC purchased a new position in O’Reilly Automotive in the second quarter worth about $4,588,000. Marshfield Associates raised its holdings in O’Reilly Automotive by 0.6% in the second quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock worth $319,866,000 after buying an additional 1,718 shares during the last quarter. Legal & General Group Plc raised its holdings in O’Reilly Automotive by 5.2% in the second quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock worth $524,629,000 after buying an additional 24,767 shares during the last quarter. Finally, Scientech Research LLC raised its holdings in O’Reilly Automotive by 8.6% in the second quarter. Scientech Research LLC now owns 239 shares of the specialty retailer’s stock worth $252,000 after buying an additional 19 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. TD Cowen lifted their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets began coverage on shares of O’Reilly Automotive in a research note on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price target for the company. Royal Bank of Canada lifted their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive currently has an average rating of “Buy” and an average price target of $1,295.94.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. The trade was 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 owned by company insiders.

O’Reilly Automotive Stock Down 0.6 %

ORLY stock opened at $1,254.00 on Friday. The firm’s fifty day simple moving average is $1,225.18 and its two-hundred day simple moving average is $1,168.42. The stock has a market capitalization of $72.39 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the company earned $10.72 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts expect that O’Reilly Automotive, Inc. will post 40.86 EPS for the current 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.