O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,790 shares of the specialty retailer’s stock after selling 20 shares during the period. Litman Gregory Wealth Management LLC’s holdings in O’Reilly Automotive were worth $3,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORLY. Asset Dedication LLC lifted its position 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 worth $178,000 after purchasing an additional 9 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its stake in shares of O’Reilly Automotive by 2.6% in the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after acquiring an additional 10 shares during the last quarter. Marcum Wealth LLC boosted its stake in O’Reilly Automotive by 5.1% during the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after buying an additional 10 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in O’Reilly Automotive by 2.9% during the second quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after buying an additional 10 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in O’Reilly Automotive by 3.7% during the first quarter. Arkadios Wealth Advisors now owns 306 shares of the specialty retailer’s stock worth $345,000 after buying an additional 11 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at O’Reilly Automotive

In other news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now owns 1,097 shares in the company, valued at $1,217,406.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now owns 1,097 shares in the company, valued at $1,217,406.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock worth $56,846,062 in the last 90 days. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock traded up $0.53 during trading on Wednesday, hitting $1,205.91. 66,138 shares of the company were exchanged, compared to its average volume of 372,594. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,221.18. The firm’s fifty day moving average price is $1,145.92 and its 200 day moving average price is $1,079.80. The firm has a market capitalization of $69.95 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results 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 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 period last year, the company earned $10.22 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 41.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ORLY shares. DA Davidson boosted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Truist Financial lifted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, Bank of America lifted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,206.87.

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.