Welch & Forbes LLC decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,795,416 shares of the specialty retailer’s stock after selling 14,016 shares during the period. O’Reilly Automotive comprises 2.8% of Welch & Forbes LLC’s portfolio, making the stock its 7th biggest position. Welch & Forbes LLC’s holdings in O’Reilly Automotive were worth $238,757,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of ORLY. Kelleher Financial Advisors acquired a new position in shares of O’Reilly Automotive in the 2nd quarter worth approximately $28,000. Fiduciary Financial Advisors bought a new position in O’Reilly Automotive in the 2nd quarter valued at $28,000. Bell Investment Advisors Inc acquired a new position in O’Reilly Automotive in the second quarter worth $29,000. MidFirst Bank acquired a new position in O’Reilly Automotive in the second quarter worth $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of O’Reilly Automotive during the second quarter worth $36,000. Institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Stock Down 0.1%
Shares of ORLY stock opened at $89.79 on Tuesday. The firm has a market cap of $72.64 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.19 and a beta of 0.55. O’Reilly Automotive, Inc. has a 12 month low of $82.59 and a 12 month high of $102.46. The stock has a 50-day moving average price of $87.36 and a 200 day moving average price of $90.39.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last released its earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. O’Reilly Automotive had a net margin of 14.27% and a negative return on equity of 188.24%. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 3.31 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on ORLY shares. Royal Bank Of Canada restated an “outperform” rating and issued a $111.00 target price (up from $110.00) on shares of O’Reilly Automotive in a research note on Tuesday, October 20th. Raymond James Financial reiterated an “outperform” rating and set a $110.00 price target (down from $115.00) on shares of O’Reilly Automotive in a research report on Friday, July 31st. Roth Capital reissued a “buy” rating and set a $111.00 price objective (up from $109.00) on shares of O’Reilly Automotive in a report on Friday, July 31st. DA Davidson restated a “buy” rating and issued a $106.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, September 16th. Finally, TD Cowen dropped their target price on shares of O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.00.
Read Our Latest Research Report on O’Reilly Automotive
Insider Activity at O’Reilly Automotive
In related news, Chairman Gregory Henslee sold 138,705 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $91.75, for a total transaction of $12,726,183.75. Following the completion of the sale, the chairman directly owned 241,950 shares of the company’s stock, valued at $22,198,912.50. The trade was a 36.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Larry Gray sold 7,750 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $90.22, for a total transaction of $699,205.00. Following the sale, the senior vice president directly owned 4,971 shares of the company’s stock, valued at approximately $448,483.62. This trade represents a 60.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 153,655 shares of company stock worth $14,085,983 over the last 90 days. Insiders own 0.77% of the company’s stock.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops.
The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers.
Founded in 1957 by Charles F.
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