SVB Wealth LLC Sells 26 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

SVB Wealth LLC lessened its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,787 shares of the specialty retailer’s stock after selling 26 shares during the period. SVB Wealth LLC’s holdings in O’Reilly Automotive were worth $2,017,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in O’Reilly Automotive in the first quarter valued at about $36,000. Newbridge Financial Services Group Inc. bought a new stake in shares of O’Reilly Automotive during the first quarter worth $37,000. Indiana Trust & Investment Management CO lifted its position in O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. Riverview Trust Co acquired a new position in O’Reilly Automotive during the 1st quarter worth approximately $41,000. Finally, Crewe Advisors LLC bought a new position in O’Reilly Automotive in the first quarter valued at $43,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORLY. StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. DA Davidson boosted their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial increased their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company dropped their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Finally, Royal Bank of Canada lowered their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,130.67.

O’Reilly Automotive Trading Up 0.2 %

NASDAQ:ORLY traded up $2.03 on Tuesday, reaching $1,120.22. 41,457 shares of the stock traded hands, compared to its average volume of 395,690. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11. The company’s 50 day moving average is $1,023.82 and its 200-day moving average is $1,048.96. The firm has a market capitalization of $65.97 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the company earned $10.22 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts forecast that O’Reilly Automotive, Inc. will post 41.07 EPS 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.