AMJ Financial Wealth Management grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,564 shares of the specialty retailer’s stock after purchasing an additional 243 shares during the quarter. O’Reilly Automotive comprises 2.8% of AMJ Financial Wealth Management’s portfolio, making the stock its 17th biggest holding. AMJ Financial Wealth Management’s holdings in O’Reilly Automotive were worth $6,270,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Atticus Wealth Management LLC raised its position in shares of O’Reilly Automotive by 57.9% during the second quarter. Atticus Wealth Management LLC now owns 30 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 11 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of O’Reilly Automotive in the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive during the 1st quarter worth approximately $31,000. HHM Wealth Advisors LLC acquired a new position in shares of O’Reilly Automotive in the first quarter valued at $33,000. Finally, Raleigh Capital Management Inc. boosted its stake in O’Reilly Automotive by 48.3% during the second quarter. Raleigh Capital Management Inc. now owns 43 shares of the specialty retailer’s stock worth $41,000 after buying an additional 14 shares in the last quarter. 82.92% of the stock is owned by institutional investors.
Analyst Ratings Changes
ORLY has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of O’Reilly Automotive from $980.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Royal Bank of Canada increased their target price on O’Reilly Automotive from $988.00 to $1,003.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Oppenheimer downgraded O’Reilly Automotive from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $1,000.00 to $930.00 in a research report on Friday, October 6th. StockNews.com began coverage on O’Reilly Automotive in a research report on Thursday, October 5th. They issued a “buy” rating on the stock. Finally, Wedbush reissued a “neutral” rating and set a $940.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 26th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,007.63.
O’Reilly Automotive Price Performance
Shares of NASDAQ ORLY traded up $3.65 during midday trading on Monday, hitting $972.20. The stock had a trading volume of 87,433 shares, compared to its average volume of 424,580. The firm has a market cap of $57.52 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 1.92 and a beta of 0.83. O’Reilly Automotive, Inc. has a fifty-two week low of $767.27 and a fifty-two week high of $1,005.96. The company’s 50-day simple moving average is $931.43 and its 200 day simple moving average is $934.93.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last announced its quarterly earnings data on Thursday, October 26th. The specialty retailer reported $10.72 earnings per share for the quarter, topping the consensus estimate of $10.36 by $0.36. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.09 billion. O’Reilly Automotive had a negative return on equity of 152.96% and a net margin of 14.86%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $9.17 EPS. Equities analysts expect that O’Reilly Automotive, Inc. will post 38.2 EPS for the current fiscal year.
Insider Buying and Selling at O’Reilly Automotive
In other news, Director Lawrence P. Oreilly sold 1,060 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $945.57, for a total value of $1,002,304.20. Following the transaction, the director now directly owns 157,764 shares in the company, valued at approximately $149,176,905.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Lawrence P. Oreilly sold 1,060 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $945.57, for a total transaction of $1,002,304.20. Following the transaction, the director now owns 157,764 shares of the company’s stock, valued at approximately $149,176,905.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carl David Wilbanks sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $996.94, for a total transaction of $4,984,700.00. Following the completion of the sale, the senior vice president now directly owns 687 shares of the company’s stock, valued at approximately $684,897.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,422 shares of company stock valued at $18,917,172. 1.55% of the stock is currently owned by insiders.
About O’Reilly Automotive
O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.
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