HBK Sorce Advisory LLC Trims Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

HBK Sorce Advisory LLC lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 12.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 421 shares of the specialty retailer’s stock after selling 62 shares during the quarter. HBK Sorce Advisory LLC’s holdings in O’Reilly Automotive were worth $400,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ORLY. Cornerstone Planning Group LLC purchased a new stake in shares of O’Reilly Automotive during the 2nd quarter worth approximately $25,000. Steward Financial Group LLC lifted its position in shares of O’Reilly Automotive by 141.7% during the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after buying an additional 17 shares during the last quarter. Ancora Advisors LLC purchased a new stake in O’Reilly Automotive in the 4th quarter valued at $30,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in O’Reilly Automotive during the 3rd quarter worth $34,000. Finally, Carmel Capital Partners LLC boosted its stake in O’Reilly Automotive by 1,750.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial increased their price target on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Barclays increased their price target on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Wedbush increased their price target on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company increased their price target on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,090.76.

O’Reilly Automotive Stock Down 0.2 %

Shares of ORLY opened at $1,093.10 on Thursday. The company has a 50-day simple moving average of $1,088.08 and a 200-day simple moving average of $1,001.72. The company has a market capitalization of $64.53 billion, a PE ratio of 28.41, a P/E/G ratio of 2.01 and a beta of 0.86. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating the consensus estimate of $9.07 by $0.19. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period last year, the firm posted $8.37 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 42.09 EPS for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at $5,884,566.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,335 shares in the company, valued at $2,400,380. The disclosure for this sale can be found here. In the last three months, insiders sold 27,468 shares of company stock worth $28,769,333. 1.18% of the stock is owned by corporate insiders.

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.