O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Transform Wealth LLC

Transform Wealth LLC cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 91.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 523 shares of the specialty retailer’s stock after selling 5,741 shares during the period. Transform Wealth LLC’s holdings in O’Reilly Automotive were worth $602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rise Advisors LLC acquired a new stake in O’Reilly Automotive during the 1st quarter worth about $36,000. Indiana Trust & Investment Management CO raised its holdings in shares of O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares during the period. Riverview Trust Co purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $41,000. Crewe Advisors LLC acquired a new position in O’Reilly Automotive in the 1st quarter worth approximately $43,000. Finally, Kings Path Partners LLC purchased a new position in O’Reilly Automotive during the 2nd quarter worth approximately $44,000. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,198.90 on Thursday. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,221.05. The company’s fifty day moving average price is $1,138.75 and its two-hundred day moving average price is $1,077.71. The company has a market capitalization of $70.61 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 2.24 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the prior year, the company posted $10.22 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 41.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ORLY shares. Wedbush restated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 25th. UBS Group decreased their price objective 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. Bank of America upped their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Roth Mkm restated a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday. Finally, DA Davidson upped their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,206.87.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares in the company, valued at approximately $296,800. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dana Perlman sold 48 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, 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. Insiders have sold a total of 50,411 shares of company stock worth $56,846,062 over the last 90 days. Insiders own 1.55% of the company’s stock.

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.