O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC reduced its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 76.9% during the 2nd quarter, Holdings Channel reports. The fund owned 353 shares of the specialty retailer’s stock after selling 1,174 shares during the quarter. Wealthspire Advisors LLC’s holdings in O’Reilly Automotive were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ORLY. Principal Financial Group Inc. increased its position in O’Reilly Automotive by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,772,519 shares of the specialty retailer’s stock valued at $899,111,000 after acquiring an additional 5,281 shares during the period. Acadian Asset Management LLC increased its position in O’Reilly Automotive by 27.0% in the 1st quarter. Acadian Asset Management LLC now owns 3,434 shares of the specialty retailer’s stock valued at $1,741,000 after acquiring an additional 731 shares during the period. Mercer Global Advisors Inc. ADV increased its position in O’Reilly Automotive by 68.0% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 1,478 shares of the specialty retailer’s stock valued at $750,000 after acquiring an additional 598 shares during the period. Sei Investments Co. increased its position in O’Reilly Automotive by 10.0% in the 1st quarter. Sei Investments Co. now owns 18,920 shares of the specialty retailer’s stock valued at $8,992,000 after acquiring an additional 1,715 shares during the period. Finally, E Fund Management Co. Ltd. acquired a new stake in O’Reilly Automotive in the 1st quarter valued at approximately $423,000. Hedge funds and other institutional investors own 79.53% of the company’s stock.

A number of brokerages have issued reports on ORLY. Wedbush increased their price target on O’Reilly Automotive from $540.00 to $590.00 and gave the company a “neutral” rating in a research note on Thursday, July 29th. Raymond James lowered O’Reilly Automotive from an “outperform” rating to a “market perform” rating and set a $619.56 price target for the company. in a research note on Tuesday, July 27th. Wells Fargo & Company increased their price target on O’Reilly Automotive from $660.00 to $670.00 and gave the company an “overweight” rating in a research note on Thursday, July 29th. Oppenheimer increased their price target on O’Reilly Automotive from $590.00 to $690.00 and gave the company an “outperform” rating in a research note on Friday, July 30th. Finally, Bank of America lowered O’Reilly Automotive from a “buy” rating to a “neutral” rating and set a $680.00 price target for the company. in a research note on Friday, September 17th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $597.96.

In other O’Reilly Automotive news, COO Jeff M. Shaw sold 831 shares of the firm’s stock in a transaction dated Thursday, July 22nd. The stock was sold at an average price of $610.00, for a total transaction of $506,910.00. Following the transaction, the chief operating officer now directly owns 28,916 shares in the company, valued at $17,638,760. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman David E. Oreilly sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 19th. The shares were sold at an average price of $601.56, for a total value of $3,007,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,128 shares of company stock valued at $56,699,745. 2.11% of the stock is owned by corporate insiders.

ORLY opened at $612.34 on Thursday. The stock has a fifty day moving average of $602.20 and a 200-day moving average of $570.14. The firm has a market capitalization of $42.22 billion, a P/E ratio of 21.98, a PEG ratio of 1.51 and a beta of 1.08. O’Reilly Automotive, Inc. has a 12-month low of $424.03 and a 12-month high of $629.40. The company has a quick ratio of 0.19, a current ratio of 0.82 and a debt-to-equity ratio of 17.57.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Tuesday, July 27th. The specialty retailer reported $8.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $7.28 by $1.05. O’Reilly Automotive had a return on equity of 757.31% and a net margin of 15.94%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the company earned $7.10 earnings per share. On average, analysts expect that O’Reilly Automotive, Inc. will post 27.65 earnings per share for the current fiscal year.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products; and accessories, such as 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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