Ritholtz Wealth Management Acquires 278 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ritholtz Wealth Management lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,697 shares of the specialty retailer’s stock after purchasing an additional 278 shares during the period. Ritholtz Wealth Management’s holdings in O’Reilly Automotive were worth $3,864,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Dohj LLC boosted its stake in O’Reilly Automotive by 3.5% in the first quarter. Dohj LLC now owns 358 shares of the specialty retailer’s stock valued at $513,000 after acquiring an additional 12 shares during the last quarter. McBroom & Associates LLC raised its holdings in shares of O’Reilly Automotive by 0.6% in the 1st quarter. McBroom & Associates LLC now owns 8,151 shares of the specialty retailer’s stock worth $11,677,000 after purchasing an additional 45 shares during the period. Missouri Trust & Investment Co lifted its stake in O’Reilly Automotive by 0.3% in the first quarter. Missouri Trust & Investment Co now owns 27,833 shares of the specialty retailer’s stock valued at $39,873,000 after purchasing an additional 75 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in O’Reilly Automotive by 7.0% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 149,393 shares of the specialty retailer’s stock valued at $214,017,000 after purchasing an additional 9,741 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in O’Reilly Automotive by 16.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer’s stock valued at $33,227,000 after purchasing an additional 3,272 shares during the period. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Trading Down 1.3%

Shares of ORLY opened at $89.91 on Monday. The company has a market cap of $76.86 billion, a PE ratio of 2.21, a price-to-earnings-growth ratio of 2.34 and a beta of 0.60. The stock has a 50-day moving average price of $91.37 and a 200-day moving average price of $87.87. O’Reilly Automotive, Inc. has a 12-month low of $66.94 and a 12-month high of $97.22.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In other news, SVP Ramon Parises Odems sold 30,000 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the sale, the senior vice president now owns 240 shares of the company’s stock, valued at approximately $21,767.20. This represents a 99.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Raymond Murphy sold 3,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the transaction, the director now directly owns 4,560 shares in the company, valued at approximately $419,216. This represents a 39.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,285 shares of company stock valued at $3,022,386 over the last 90 days. 1.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ORLY shares. BMO Capital Markets upped their price target on O’Reilly Automotive from $96.67 to $100.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. UBS Group upped their price objective on shares of O’Reilly Automotive from $102.33 to $105.33 and gave the company a “buy” rating in a report on Thursday, April 24th. Barclays increased their target price on shares of O’Reilly Automotive from $83.33 to $86.00 and gave the stock an “equal weight” rating in a research report on Monday, April 28th. Guggenheim reissued a “buy” rating and issued a $98.33 price target on shares of O’Reilly Automotive in a research report on Monday, March 10th. Finally, DA Davidson upped their price target on shares of O’Reilly Automotive from $101.67 to $106.67 and gave the company a “buy” rating in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $94.30.

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.