O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. lowered its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,472 shares of the specialty retailer’s stock after selling 126 shares during the period. Wesbanco Bank Inc.’s holdings in O’Reilly Automotive were worth $7,453,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ORLY. Industrial Alliance Investment Management Inc. raised its stake in shares of O’Reilly Automotive by 2.6% during the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after purchasing an additional 10 shares in the last quarter. Marcum Wealth LLC boosted its position in shares of O’Reilly Automotive by 5.1% during the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 10 shares in the last quarter. Ausdal Financial Partners Inc. grew its stake in shares of O’Reilly Automotive by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 10 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of O’Reilly Automotive by 3.7% in the 1st quarter. Arkadios Wealth Advisors now owns 306 shares of the specialty retailer’s stock worth $345,000 after purchasing an additional 11 shares in the last quarter. Finally, KCM Investment Advisors LLC lifted its stake in O’Reilly Automotive by 0.6% during the first quarter. KCM Investment Advisors LLC now owns 1,838 shares of the specialty retailer’s stock valued at $2,075,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now owns 5,016 shares in the company, valued at $5,698,978.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 in the last quarter. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,202.59 on Tuesday. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,203.95. The stock’s 50-day moving average is $1,135.38 and its two-hundred day moving average is $1,076.43. The firm has a market cap of $70.83 billion, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same period in the previous year, the business posted $10.22 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that O’Reilly Automotive, Inc. will post 41.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ORLY shares. Wedbush restated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 25th. Bank of America upped their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Royal Bank of Canada dropped their target price on shares of 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, July 26th. UBS Group reduced their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Finally, Evercore ISI lifted their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Three 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 an average price target of $1,178.29.

O’Reilly Automotive Company 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.