Chartwell Investment Partners LLC reduced its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 57.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,339 shares of the specialty retailer's stock after selling 4,497 shares during the period. Chartwell Investment Partners LLC's holdings in O'Reilly Automotive were worth $3,845,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in ORLY. Trifecta Capital Advisors LLC lifted its holdings in shares of O'Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock worth $33,000 after buying an additional 23 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in O'Reilly Automotive in the 3rd quarter valued at $41,000. Crewe Advisors LLC purchased a new position in shares of O'Reilly Automotive during the 1st quarter valued at $43,000. Kings Path Partners LLC purchased a new stake in shares of O'Reilly Automotive in the 2nd quarter valued at about $44,000. Finally, ORG Partners LLC bought a new stake in O'Reilly Automotive during the second quarter valued at approximately $48,000. 85.00% of the stock is owned by institutional investors.
Insider Activity
In other O'Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the firm's stock in a transaction that occurred on 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 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 sale was disclosed in a legal 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 business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the chairman now owns 183,583 shares of the company's stock, valued at $205,407,347.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,322 shares of company stock valued at $18,280,698. 1.55% of the stock is currently owned by company insiders.
O'Reilly Automotive Price Performance
Shares of ORLY traded up $8.33 during mid-day trading on Tuesday, reaching $1,236.85. 295,355 shares of the company's stock were exchanged, compared to its average volume of 375,234. The business's fifty day simple moving average is $1,163.19 and its 200-day simple moving average is $1,089.75. O'Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,244.50. The stock has a market capitalization of $71.74 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 2.47 and a beta of 0.92.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $4.42 billion. During the same period last year, the company posted $10.72 earnings per share. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts predict that O'Reilly Automotive, Inc. will post 40.81 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. DA Davidson reaffirmed a "buy" rating and issued a $1,275.00 target price on shares of O'Reilly Automotive in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Bank of America lifted their price target on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Truist Financial boosted 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 report on Friday, October 25th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $1,337.00 price target on shares of O'Reilly Automotive in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,242.13.
Check Out Our Latest Stock Analysis on ORLY
About O'Reilly Automotive
(
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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