Legacy Capital Wealth Partners LLC boosted its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 348.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,180 shares of the specialty retailer's stock after purchasing an additional 917 shares during the period. Legacy Capital Wealth Partners LLC's holdings in O'Reilly Automotive were worth $1,359,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Sigma Planning Corp increased its holdings in shares of O'Reilly Automotive by 14.5% in the third quarter. Sigma Planning Corp now owns 1,090 shares of the specialty retailer's stock worth $1,255,000 after purchasing an additional 138 shares during the period. Mesirow Financial Investment Management Inc. boosted its position in shares of O'Reilly Automotive by 7.7% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 322 shares of the specialty retailer's stock valued at $371,000 after acquiring an additional 23 shares during the last quarter. Field & Main Bank increased its position in shares of O'Reilly Automotive by 133.3% in the third quarter. Field & Main Bank now owns 406 shares of the specialty retailer's stock worth $468,000 after purchasing an additional 232 shares during the last quarter. Bridges Investment Management Inc. purchased a new stake in O'Reilly Automotive in the third quarter valued at approximately $219,000. Finally, Assetmark Inc. grew its stake in O'Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer's stock worth $21,396,000 after buying an additional 3,193 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.
O'Reilly Automotive Stock Performance
Shares of O'Reilly Automotive stock traded up $3.19 during trading on Friday, hitting $1,217.70. The company's stock had a trading volume of 313,310 shares, compared to its average volume of 343,644. O'Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,239.65. The company has a fifty day simple moving average of $1,161.22 and a two-hundred day simple moving average of $1,088.55. The company has a market capitalization of $70.64 billion, a PE ratio of 30.13, a P/E/G ratio of 2.47 and a beta of 0.92.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.42 billion. O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.72 EPS. As a group, analysts predict that O'Reilly Automotive, Inc. will post 40.81 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on ORLY. TD Cowen upped their target price on 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. Wedbush reissued a "neutral" rating and issued a $1,200.00 price target on shares of O'Reilly Automotive in a research note on Thursday, October 24th. Truist Financial raised their price objective 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. Royal Bank of Canada increased their target price on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Morgan Stanley lifted their price target on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, O'Reilly Automotive currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,242.13.
Get Our Latest Stock Report on ORLY
Insider Buying and Selling
In related news, Chairman David E. Oreilly sold 1,000 shares of O'Reilly Automotive stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now directly owns 183,583 shares in the company, valued at approximately $205,407,347.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other O'Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm's stock in a transaction dated 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. Also, Chairman David E. Oreilly sold 1,000 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now owns 183,583 shares of the company's stock, valued at approximately $205,407,347.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,322 shares of company stock worth $18,280,698 in the last three months. Insiders own 1.55% of the company's stock.
O'Reilly Automotive Profile
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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.
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