Valeo Financial Advisors LLC Reduces Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Valeo Financial Advisors LLC lowered its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 968 shares of the specialty retailer’s stock after selling 201 shares during the quarter. Valeo Financial Advisors LLC’s holdings in O’Reilly Automotive were worth $1,148,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AlphaMark Advisors LLC purchased a new position in shares of O’Reilly Automotive in the fourth quarter valued at $30,000. Darwin Wealth Management LLC purchased a new position in shares of O’Reilly Automotive in the third quarter valued at $32,000. MidAtlantic Capital Management Inc. purchased a new position in shares of O’Reilly Automotive in the third quarter valued at $37,000. Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter worth about $41,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in O’Reilly Automotive during the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Truist Financial lifted their price objective on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays lifted their price objective on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Wells Fargo & Company lifted their price objective on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Wedbush lifted their price objective on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Finally, Evercore ISI lifted their price objective on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,318.80 on Friday. The firm has a market capitalization of $76.13 billion, a P/E ratio of 32.43, a P/E/G ratio of 2.50 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,350.27. The business’s 50-day simple moving average is $1,249.77 and its 200-day simple moving average is $1,195.62.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the transaction, the senior vice president now owns 275 shares of the company’s stock, valued at approximately $364,375. This represents a 64.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,968 shares of company stock worth $2,492,394 in the last 90 days. 1.55% of the stock is owned by company insiders.

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.