Connecticut Wealth Management LLC Has $1.67 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Connecticut Wealth Management LLC boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 304.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,758 shares of the specialty retailer’s stock after buying an additional 1,323 shares during the period. Connecticut Wealth Management LLC’s holdings in O’Reilly Automotive were worth $1,670,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fortune Financial Advisors LLC raised its position in O’Reilly Automotive by 2.4% during the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after buying an additional 57 shares during the period. SignalPoint Asset Management LLC lifted its position in shares of O’Reilly Automotive by 3.3% in the fourth quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock worth $48,567,000 after purchasing an additional 1,642 shares in the last quarter. Duality Advisers LP acquired a new stake in shares of O’Reilly Automotive during the fourth quarter worth approximately $924,000. NewEdge Wealth LLC grew its position in O’Reilly Automotive by 13.6% during the fourth quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock valued at $32,509,000 after purchasing an additional 4,101 shares in the last quarter. Finally, HB Wealth Management LLC increased its stake in O’Reilly Automotive by 7.0% in the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock valued at $1,660,000 after buying an additional 114 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at O’Reilly Automotive

In other news, Chairman David E. Oreilly sold 10,000 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman David E. Oreilly sold 10,000 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the sale, the senior vice president now owns 963 shares of the company’s stock, valued at approximately $1,000,200.69. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock worth $27,269,333 in the last quarter. 1.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ORLY shares. The Goldman Sachs Group upped their price objective on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Truist Financial dropped their price objective on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company dropped their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,110.07.

O’Reilly Automotive Stock Performance

ORLY traded up $6.72 during midday trading on Friday, hitting $1,012.95. The company had a trading volume of 417,973 shares, compared to its average volume of 381,716. The company has a market capitalization of $59.79 billion, a PE ratio of 25.71, a P/E/G ratio of 1.91 and a beta of 0.90. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The firm’s 50-day simple moving average is $1,093.90 and its 200-day simple moving average is $1,019.76.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $8.28 EPS. As a group, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 41.92 EPS for the current fiscal year.

About O’Reilly Automotive

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.