Paragon Capital Management Inc. Sells 38 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Paragon Capital Management Inc. lowered its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,574 shares of the specialty retailer’s stock after selling 38 shares during the quarter. O’Reilly Automotive makes up approximately 1.3% of Paragon Capital Management Inc.’s holdings, making the stock its 24th biggest holding. Paragon Capital Management Inc.’s holdings in O’Reilly Automotive were worth $1,813,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its position in O’Reilly Automotive by 22.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 899 shares of the specialty retailer’s stock worth $1,035,000 after acquiring an additional 162 shares during the last quarter. Sumitomo Life Insurance Co. increased its stake in shares of O’Reilly Automotive by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 801 shares of the specialty retailer’s stock valued at $922,000 after buying an additional 22 shares in the last quarter. Asset Dedication LLC increased its stake in shares of O’Reilly Automotive by 6.2% in the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after buying an additional 9 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of O’Reilly Automotive by 1.5% in the third quarter. NBC Securities Inc. now owns 1,508 shares of the specialty retailer’s stock valued at $1,736,000 after buying an additional 22 shares during the last quarter. Finally, Creative Planning lifted its position in O’Reilly Automotive by 4.4% during the 3rd quarter. Creative Planning now owns 21,352 shares of the specialty retailer’s stock worth $24,589,000 after buying an additional 899 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares in the company, valued at $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares in the company, valued at $1,217,406.72. This trade represents 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 link. Also, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,411 shares of company stock valued at $56,846,062. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,198.90 on Thursday. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,221.05. The company has a market capitalization of $70.61 billion, a price-to-earnings ratio of 30.43, a P/E/G ratio of 2.24 and a beta of 0.92. The firm’s 50 day simple moving average is $1,138.75 and its 200 day simple moving average is $1,077.71.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORLY. Truist Financial boosted their target price 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 Monday. Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday. Royal Bank of Canada decreased their price objective 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, July 26th. Evercore ISI upped their price target 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. Finally, Roth Mkm reiterated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,206.87.

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.