Apollon Wealth Management LLC Lowers Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Apollon Wealth Management LLC cut its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,570 shares of the specialty retailer’s stock after selling 120 shares during the period. Apollon Wealth Management LLC’s holdings in O’Reilly Automotive were worth $889,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORLY. Viking Global Investors LP purchased a new stake in shares of O’Reilly Automotive during the 1st quarter valued at $541,071,000. Putnam Investments LLC acquired a new position in shares of O’Reilly Automotive during the 1st quarter valued at $158,802,000. abrdn plc lifted its holdings in shares of O’Reilly Automotive by 1,035.7% during the 2nd quarter. abrdn plc now owns 334,522 shares of the specialty retailer’s stock valued at $189,415,000 after acquiring an additional 305,067 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of O’Reilly Automotive by 895.0% during the 1st quarter. Lazard Asset Management LLC now owns 284,791 shares of the specialty retailer’s stock valued at $144,460,000 after acquiring an additional 256,170 shares in the last quarter. Finally, Scopus Asset Management L.P. lifted its holdings in shares of O’Reilly Automotive by 375.0% during the 1st quarter. Scopus Asset Management L.P. now owns 137,500 shares of the specialty retailer’s stock valued at $69,747,000 after acquiring an additional 187,500 shares in the last quarter. 79.53% of the stock is owned by institutional investors.

In other news, Chairman David E. Oreilly sold 5,000 shares of the business’s stock in a transaction on Thursday, August 19th. The shares were sold at an average price of $601.56, for a total transaction of $3,007,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gregory L. Henslee sold 26,346 shares of the business’s stock in a transaction on Tuesday, August 3rd. The shares were sold at an average price of $615.34, for a total transaction of $16,211,747.64. Following the transaction, the chairman now directly owns 44,650 shares of the company’s stock, valued at approximately $27,474,931. The disclosure for this sale can be found here. Insiders have sold a total of 95,628 shares of company stock worth $58,150,270 over the last quarter. Insiders own 2.11% of the company’s stock.

Several equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of O’Reilly Automotive from $660.00 to $670.00 and gave the company an “overweight” rating in a report on Thursday, July 29th. Raymond James lowered shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating and set a $619.56 target price on the stock. in a report on Tuesday, July 27th. Oppenheimer lifted their target price on shares of O’Reilly Automotive from $590.00 to $690.00 and gave the company an “outperform” rating in a report on Friday, July 30th. Wedbush boosted their price objective on shares of O’Reilly Automotive from $540.00 to $590.00 and gave the stock a “neutral” rating in a report on Thursday, July 29th. Finally, Morgan Stanley lowered O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and set a $630.00 target price on the stock. in a research report on Friday, August 27th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $586.84.

Shares of NASDAQ:ORLY opened at $625.54 on Monday. The company’s fifty day moving average is $601.31 and its two-hundred day moving average is $559.38. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.19 and a current ratio of 0.82. O’Reilly Automotive, Inc. has a 1-year low of $424.03 and a 1-year high of $629.40. The stock has a market capitalization of $43.13 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Tuesday, July 27th. The specialty retailer reported $8.33 earnings per share for the quarter, beating analysts’ consensus estimates of $7.28 by $1.05. O’Reilly Automotive had a net margin of 15.94% and a return on equity of 757.31%. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the firm earned $7.10 EPS. Sell-side analysts expect that O’Reilly Automotive, Inc. will post 27.65 EPS for the current fiscal year.

About O’Reilly Automotive

O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

Further Reading: What is Liquidity?

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLY).

Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.