First National Advisers LLC Purchases 338 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

First National Advisers LLC increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 34.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,324 shares of the specialty retailer’s stock after buying an additional 338 shares during the period. O’Reilly Automotive accounts for 1.4% of First National Advisers LLC’s holdings, making the stock its 14th biggest holding. First National Advisers LLC’s holdings in O’Reilly Automotive were worth $931,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Riverview Trust Co increased its stake in O’Reilly Automotive by 56.5% in the third quarter. Riverview Trust Co now owns 36 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Castle Wealth Management LLC bought a new stake in O’Reilly Automotive in the second quarter valued at $27,000. Grayhawk Investment Strategies Inc. bought a new stake in O’Reilly Automotive in the second quarter valued at $28,000. Heritage Financial Services LLC bought a new stake in O’Reilly Automotive in the second quarter valued at $34,000. Finally, Northern Oak Wealth Management Inc. bought a new stake in O’Reilly Automotive in the second quarter valued at $40,000. Institutional investors own 90.50% of the company’s stock.

Insider Activity

In other news, Director Lawrence P. Oreilly sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $824.92, for a total value of $824,920.00. Following the sale, the director now owns 160,319 shares of the company’s stock, valued at $132,250,349.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Lawrence P. Oreilly sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $824.92, for a total value of $824,920.00. Following the sale, the director now owns 160,319 shares of the company’s stock, valued at $132,250,349.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Brad W. Beckham sold 4,574 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $834.78, for a total transaction of $3,818,283.72. Following the completion of the sale, the chief operating officer now directly owns 644 shares in the company, valued at approximately $537,598.32. The disclosure for this sale can be found here. Insiders have sold a total of 23,509 shares of company stock valued at $19,754,464 over the last quarter. Company insiders own 1.73% of the company’s stock.

O’Reilly Automotive Stock Performance

ORLY traded up $0.32 during midday trading on Wednesday, reaching $799.41. The company had a trading volume of 52,164 shares, compared to its average volume of 374,223. The stock has a market cap of $50.02 billion, a PE ratio of 24.39, a P/E/G ratio of 1.68 and a beta of 0.96. O’Reilly Automotive, Inc. has a 12-month low of $562.90 and a 12-month high of $870.92. The business has a 50-day moving average price of $830.81 and a two-hundred day moving average price of $764.85.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last released its earnings results on Wednesday, October 26th. The specialty retailer reported $9.17 earnings per share for the quarter, beating analysts’ consensus estimates of $8.46 by $0.71. O’Reilly Automotive had a net margin of 15.39% and a negative return on equity of 319.55%. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the company earned $8.07 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 32.7 earnings per share for the current year.

Analysts Set New Price Targets

ORLY has been the subject of several recent research reports. The Goldman Sachs Group downgraded shares of O’Reilly Automotive from a “conviction-buy” rating to a “buy” rating in a research report on Friday, October 28th. UBS Group boosted their target price on shares of O’Reilly Automotive from $855.00 to $940.00 and gave the stock a “buy” rating in a research report on Friday, October 28th. Truist Financial boosted their target price on shares of O’Reilly Automotive from $765.00 to $892.00 and gave the stock a “buy” rating in a research report on Friday, October 28th. Wells Fargo & Company boosted their target price on shares of O’Reilly Automotive from $850.00 to $925.00 and gave the stock an “overweight” rating in a research report on Thursday, January 5th. Finally, Morgan Stanley boosted their target price on shares of O’Reilly Automotive from $780.00 to $830.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 17th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus target price of $833.21.

O’Reilly Automotive Company Profile

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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. 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.

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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