Spire Wealth Management Boosts Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Spire Wealth Management increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 21.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,771 shares of the specialty retailer’s stock after buying an additional 1,207 shares during the quarter. Spire Wealth Management’s holdings in O’Reilly Automotive were worth $6,960,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Carmel Capital Partners LLC increased its holdings in O’Reilly Automotive by 1,750.0% during the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after buying an additional 35 shares during the last quarter. Washington Trust Advisors Inc. increased its stake in shares of O’Reilly Automotive by 31.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 13 shares in the last quarter. Financial Management Professionals Inc. increased its stake in shares of O’Reilly Automotive by 29.5% in the fourth quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 13 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of O’Reilly Automotive by 57.5% in the third quarter. Venturi Wealth Management LLC now owns 63 shares of the specialty retailer’s stock worth $57,000 after purchasing an additional 23 shares in the last quarter. Finally, First Financial Corp IN increased its stake in shares of O’Reilly Automotive by 38.6% in the fourth quarter. First Financial Corp IN now owns 61 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owns 216,539 shares in the company, valued at approximately $228,141,159.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owns 216,539 shares in the company, valued at approximately $228,141,159.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeffrey Alan Lauro sold 431 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were 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 $1,000,200.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,968 shares of company stock worth $27,269,333. 1.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ORLY shares. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group lifted their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Royal Bank of Canada lifted their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Mizuho started coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective for the company. Finally, Truist Financial cut their price objective on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $1,110.07.

O’Reilly Automotive Stock Up 0.3 %

Shares of ORLY stock traded up $3.14 during mid-day trading on Monday, reaching $1,016.09. 348,325 shares of the company’s stock traded hands, compared to its average volume of 377,116. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The company has a market cap of $59.98 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.91 and a beta of 0.90. The company’s 50-day moving average price is $1,093.90 and its 200-day moving average price is $1,019.76.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the business posted $8.28 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts predict that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current year.

O’Reilly Automotive 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.