Legacy Capital Wealth Partners LLC Reduces Stock Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Legacy Capital Wealth Partners LLC reduced its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 45.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 638 shares of the specialty retailer's stock after selling 542 shares during the period. Legacy Capital Wealth Partners LLC's holdings in O'Reilly Automotive were worth $757,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in O'Reilly Automotive by 73.0% during the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock worth $1,986,874,000 after acquiring an additional 728,040 shares during the period. Geode Capital Management LLC raised its stake in shares of O'Reilly Automotive by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer's stock worth $1,700,513,000 after purchasing an additional 24,135 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of O'Reilly Automotive by 99,957.0% in the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock worth $984,027,000 after buying an additional 853,633 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in O'Reilly Automotive by 28.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock valued at $692,816,000 after buying an additional 133,139 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in O'Reilly Automotive by 10,626.8% during the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock worth $5,393,000 after buying an additional 482,670 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 500 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the transaction, the senior vice president now directly owns 275 shares of the company's stock, valued at approximately $364,375. This trade represents a 64.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company's stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 5 shares of the company's stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,968 shares of company stock worth $2,492,394 over the last 90 days. Corporate insiders own 1.18% of the company's stock.

O'Reilly Automotive Stock Performance

NASDAQ ORLY traded down $0.02 on Wednesday, hitting $1,295.80. The stock had a trading volume of 233,017 shares, compared to its average volume of 333,813. The firm has a 50-day moving average of $1,251.64 and a 200-day moving average of $1,198.92. The company has a market capitalization of $74.81 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. O'Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,350.27.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.23. O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, research analysts anticipate that O'Reilly Automotive, Inc. will post 44.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ORLY. Mizuho boosted their target price on shares of O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. BNP Paribas raised O'Reilly Automotive to a "strong-buy" rating in a report on Friday, October 25th. Morgan Stanley upgraded O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Royal Bank of Canada increased their price target on O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, TD Cowen boosted their price objective on O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $1,390.81.

O'Reilly Automotive 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.