Mullooly Asset Management Inc. Buys Shares of 1,386 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Mullooly Asset Management Inc. bought a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,386 shares of the specialty retailer’s stock, valued at approximately $1,986,000. O’Reilly Automotive comprises 0.0% of Mullooly Asset Management Inc.’s portfolio, making the stock its 14th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of Jackson Hole Trust acquired a new stake in shares of O’Reilly Automotive during the first quarter valued at about $25,000. HWG Holdings LP acquired a new stake in shares of O’Reilly Automotive during the first quarter valued at about $26,000. HighMark Wealth Management LLC boosted its stake in shares of O’Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 13 shares in the last quarter. Investment Management Corp VA ADV acquired a new stake in shares of O’Reilly Automotive during the fourth quarter valued at about $37,000. Finally, Piscataqua Savings Bank acquired a new stake in shares of O’Reilly Automotive during the first quarter valued at about $43,000. Institutional investors own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 5,050 shares of the company’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the sale, the senior vice president owned 2,876 shares in the company, valued at approximately $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Raymond Murphy sold 3,000 shares of the company’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $91.93, for a total value of $275,800.00. Following the sale, the director owned 4,560 shares of the company’s stock, valued at $419,216. This trade represents a 39.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,840 shares of company stock worth $6,421,556. Insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Truist Financial lifted their price objective on O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Royal Bank Of Canada lifted their price objective on O’Reilly Automotive from $98.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Evercore ISI lifted their price objective on O’Reilly Automotive from $97.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Finally, UBS Group lifted their price objective on O’Reilly Automotive from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $102.22.

O’Reilly Automotive Stock Up 0.8%

NASDAQ ORLY opened at $99.12 on Friday. The company has a market cap of $84.73 billion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 2.60 and a beta of 0.58. O’Reilly Automotive, Inc. has a 52 week low of $73.11 and a 52 week high of $100.60. The business has a 50 day moving average price of $91.98 and a 200-day moving average price of $90.39.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.55 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current 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.