Verdence Capital Advisors LLC Raises Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Verdence Capital Advisors LLC lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 329 shares of the specialty retailer’s stock after buying an additional 14 shares during the period. Verdence Capital Advisors LLC’s holdings in O’Reilly Automotive were worth $313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arkadios Wealth Advisors grew its position in O’Reilly Automotive by 32.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 303 shares of the specialty retailer’s stock worth $275,000 after purchasing an additional 74 shares during the last quarter. Global Retirement Partners LLC grew its position in O’Reilly Automotive by 14.5% during the 3rd quarter. Global Retirement Partners LLC now owns 158 shares of the specialty retailer’s stock worth $142,000 after purchasing an additional 20 shares during the last quarter. Naples Global Advisors LLC grew its position in O’Reilly Automotive by 6.6% during the 3rd quarter. Naples Global Advisors LLC now owns 322 shares of the specialty retailer’s stock worth $293,000 after purchasing an additional 20 shares during the last quarter. Capital Investment Advisors LLC grew its position in O’Reilly Automotive by 43.6% during the 3rd quarter. Capital Investment Advisors LLC now owns 435 shares of the specialty retailer’s stock worth $395,000 after purchasing an additional 132 shares during the last quarter. Finally, Park Place Capital Corp grew its position in O’Reilly Automotive by 14.2% during the 3rd quarter. Park Place Capital Corp now owns 233 shares of the specialty retailer’s stock worth $212,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

In related news, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the sale, the chief financial officer now owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was 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 of the company’s stock, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,968 shares of company stock valued at $27,269,333. 1.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on ORLY shares. Barclays boosted their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. UBS Group lifted their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Royal Bank of Canada lifted their price objective on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, Truist Financial lifted their price objective on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,115.19.

O’Reilly Automotive Price Performance

ORLY opened at $1,092.35 on Wednesday. The firm has a fifty day moving average price of $1,096.35 and a 200 day moving average price of $1,013.79. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The stock has a market cap of $64.48 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.98 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $8.37 EPS. Equities analysts expect that O’Reilly Automotive, Inc. will post 42.1 EPS for the current year.

O’Reilly Automotive Company 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.