Walker Asset Management LLC Increases Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Walker Asset Management LLC boosted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,675 shares of the specialty retailer’s stock after purchasing an additional 10 shares during the quarter. O’Reilly Automotive comprises approximately 6.9% of Walker Asset Management LLC’s holdings, making the stock its 2nd largest holding. Walker Asset Management LLC’s holdings in O’Reilly Automotive were worth $11,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC grew its stake in shares of O’Reilly Automotive by 99,957.0% in the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after buying an additional 853,633 shares in the last quarter. JPMorgan Chase & Co. increased its stake in O’Reilly Automotive by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after acquiring an additional 376,167 shares during the last quarter. CCLA Investment Management purchased a new stake in O’Reilly Automotive during the first quarter valued at approximately $95,481,000. Marshall Wace LLP lifted its stake in shares of O’Reilly Automotive by 809.8% in the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock valued at $96,078,000 after purchasing an additional 80,978 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock worth $5,739,462,000 after buying an additional 75,837 shares during the period. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

ORLY stock traded down $7.03 during mid-day trading on Thursday, reaching $1,192.22. 150,048 shares of the company’s stock were exchanged, compared to its average volume of 373,563. The company has a market cap of $70.21 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92. The stock’s 50 day moving average is $1,147.32 and its 200 day moving average is $1,080.64. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the business earned $10.72 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts forecast that O’Reilly Automotive, Inc. will post 41.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the transaction, the chairman now owns 13,347 shares in the company, valued at $15,049,409.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dana Perlman sold 48 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,411 shares of company stock worth $56,846,062. Corporate insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ORLY shares. DA Davidson upped their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI increased their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Truist Financial lifted their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Monday, October 14th. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, UBS Group reduced their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,213.53.

About O’Reilly Automotive

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.