Horrell Capital Management Inc. Sells 2,086 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Horrell Capital Management Inc. decreased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,631 shares of the specialty retailer’s stock after selling 2,086 shares during the period. O’Reilly Automotive makes up 6.4% of Horrell Capital Management Inc.’s investment portfolio, making the stock its biggest holding. Horrell Capital Management Inc.’s holdings in O’Reilly Automotive were worth $21,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORLY. Asset Dedication LLC grew its holdings in shares of O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after acquiring an additional 9 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its holdings in shares of O’Reilly Automotive by 2.6% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after acquiring an additional 10 shares in the last quarter. Marcum Wealth LLC grew its holdings in shares of O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after acquiring an additional 10 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings 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 valued at $372,000 after acquiring an additional 10 shares in the last quarter. Finally, KCM Investment Advisors LLC grew its holdings in shares of O’Reilly Automotive by 0.6% in the 1st quarter. KCM Investment Advisors LLC now owns 1,838 shares of the specialty retailer’s stock valued at $2,075,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. DA Davidson restated a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. Wells Fargo & Company lifted their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Royal Bank of Canada lifted their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday. Wedbush reiterated a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Finally, Evercore ISI lifted their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the transaction, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were 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 of the company’s stock, valued at approximately $1,217,406.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the sale, the chairman now directly owns 183,583 shares in the company, valued at approximately $205,407,347.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,734 shares of company stock worth $35,789,929 over the last three months. Corporate insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded down $16.31 during midday trading on Tuesday, reaching $1,180.80. The company’s stock had a trading volume of 67,901 shares, compared to its average volume of 372,742. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,221.18. The business’s 50 day moving average price is $1,152.02 and its two-hundred day moving average price is $1,082.71. The company has a market cap of $68.50 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.42 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the firm earned $10.72 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

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.