Laffer Tengler Investments reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating ) by 6.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,557 shares of the specialty retailer’s stock after selling 185 shares during the quarter. Laffer Tengler Investments’ holdings in O’Reilly Automotive were worth $1,798,000 at the end of the most recent quarter.
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A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Grayhawk Investment Strategies Inc. acquired a new stake in O’Reilly Automotive during the second quarter worth about $28,000. Riverview Trust Co raised its stake in shares of O’Reilly Automotive by 56.5% during the third quarter. Riverview Trust Co now owns 36 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Castle Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive during the second quarter valued at about $27,000. Northern Oak Wealth Management Inc. acquired a new stake in shares of O’Reilly Automotive during the second quarter valued at about $40,000. Finally, Zions Bancorporation NA raised its stake in shares of O’Reilly Automotive by 80.6% during the second quarter. Zions Bancorporation NA now owns 65 shares of the specialty retailer’s stock valued at $41,000 after buying an additional 29 shares in the last quarter. Currently, 90.50% of the shares are owned by institutional investors and hedge funds.
O’Reilly Automotive Stock Performance
NASDAQ ORLY traded down $1.59 during trading on Monday, reaching $823.73. 14,253 shares of the company traded hands, compared to its average volume of 469,454. The company has a market cap of $51.55 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 1.74 and a beta of 0.91. O’Reilly Automotive, Inc. it has a one year low of $562.90 and a one year high of $870.92. The stock’s 50-day moving average price is $818.05, and its two-hundred-day moving average price is $776.07.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating ) last announced its earnings results on Wednesday, February 8th. The specialty retailer reported $8.37 EPS for the quarter, topping the consensus estimate of $7.71 by $0.66. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.5 billion. O’Reilly Automotive had a negative return on equity of 234.76% and a net margin of 15.08%. O’Reilly Automotive’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business earned $7.64 EPS. Equities research analysts expect O’Reilly Automotive, Inc. earn 36.67 EPS for the current fiscal year.
Insider deals at O’Reilly Automotive
In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 4,635 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $844.17, for a total transaction of $3,912,727.95. Following the transaction, the chief financial officer now owns 2,284 shares of the company’s stock, valued at approximately $1,928,084.28. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. In other O’Reilly Automotive news, SVP Jonathan Wyatt Andrews sold 2,500 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $850.49, for a total transaction of $2,126,225.00. Following the completion of the sale, the senior vice president now owns 602 shares in the company, valued at approximately $511,994.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, CFO Jeremy Adam Fletcher sold 4,635 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $844.17, for a total transaction of $3,912,727.95. Following the sale, the chief financial officer now owns 2,284 shares of the company’s stock, valued at approximately $1,928,084.28. Disclosure of this sale can be found here. Insiders have sold 9,135 shares of company stock valued at $7,748,168 in the last three months. 1.73% of the shares are owned by corporate insiders.
Wall Street analysts weigh in
ORLY has been the subject of a number of recent research reports. Roth Capital restated a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, February 8th. Citigroup upped their target price on O’Reilly Automotive from $770.00 to $855.00 and gave the company a “neutral” rating in a report on Wednesday, November 23rd. Stephens reissued an “overweight” rating and issued a $900.00 target price on shares of O’Reilly Automotive in a report on Thursday. Wedbush reissued a “neutral” rating and issued a $820.00 target price on shares of O’Reilly Automotive in a report on Thursday. Finally, Barclays assumed coverage on O’Reilly Automotive in a report on Tuesday, February 7th. They set an “equal weight” rating and a $815.00 target price on the stock. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Moderate Buy” and an average target price of $859.60, according to data from MarketBeat.com.
About O’Reilly Automotive
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O’Reilly Automotive, Inc owns and operates dealerships in the United States. It is engaged in the distribution and retail of automotive parts, tools, supplies, equipment and accessories in the USA, serving both professional installers and do-it-yourself customers. Provides new and remanufactured automotive hard parts such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, items maintenance products consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives and appearance products and accessories such as carpets, seat covers and truck accessories.
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