Brown Financial Advisors Acquires New Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Brown Financial Advisors purchased a new stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 664 shares of the specialty retailer's stock, valued at approximately $701,000.

Several other large investors also recently added to or reduced their stakes in ORLY. Focus Financial Network Inc. ADV purchased a new position in shares of O'Reilly Automotive during the 4th quarter valued at about $217,000. Jones Financial Companies Lllp lifted its holdings in O'Reilly Automotive by 75.2% during the fourth quarter. Jones Financial Companies Lllp now owns 564 shares of the specialty retailer's stock valued at $536,000 after purchasing an additional 242 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of O'Reilly Automotive by 17.4% in the fourth quarter. Rafferty Asset Management LLC now owns 16,986 shares of the specialty retailer's stock worth $16,138,000 after purchasing an additional 2,515 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of O'Reilly Automotive by 4.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 15,318 shares of the specialty retailer's stock worth $14,553,000 after purchasing an additional 673 shares in the last quarter. Finally, Armistice Capital LLC purchased a new stake in shares of O'Reilly Automotive in the fourth quarter worth $4,750,000. 85.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of O'Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Wedbush reiterated a "neutral" rating and set a $1,100.00 target price on shares of O'Reilly Automotive in a research report on Thursday, July 25th. Truist Financial upped their price target on O'Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Bank of America lifted their price objective on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Finally, DA Davidson boosted their target price on shares of O'Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, O'Reilly Automotive presently has an average rating of "Moderate Buy" and an average target price of $1,144.06.

Insiders Place Their Bets

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O'Reilly Automotive stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the firm's stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now owns 265 shares of the company's stock, valued at approximately $296,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were 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 have sold a total of 50,411 shares of company stock worth $56,846,062 over the last quarter. Company insiders own 1.55% of the company's stock.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock traded down $7.07 during trading on Wednesday, hitting $1,154.92. The stock had a trading volume of 220,836 shares, compared to its average volume of 383,747. O'Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The firm's fifty day simple moving average is $1,125.35 and its 200-day simple moving average is $1,074.63. The stock has a market cap of $68.02 billion, a PE ratio of 29.31, a PEG ratio of 2.14 and a beta of 0.92.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. O'Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $10.22 EPS. Analysts expect that O'Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

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.