Meridian Wealth Advisors LLC Grows Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Meridian Wealth Advisors LLC boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,802 shares of the specialty retailer’s stock after buying an additional 77 shares during the period. O’Reilly Automotive makes up 1.0% of Meridian Wealth Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Meridian Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $4,562,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Barlow Wealth Partners Inc. bought a new position in O’Reilly Automotive in the 4th quarter valued at $429,000. Charles Schwab Investment Management Inc. boosted its holdings in O’Reilly Automotive by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 345,028 shares of the specialty retailer’s stock valued at $327,804,000 after purchasing an additional 3,136 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in O’Reilly Automotive in the 4th quarter valued at $219,000. Peregrine Asset Advisers Inc. bought a new stake in shares of O’Reilly Automotive during the 4th quarter worth $3,492,000. Finally, Apollon Wealth Management LLC lifted its holdings in shares of O’Reilly Automotive by 45.0% during the 4th quarter. Apollon Wealth Management LLC now owns 4,040 shares of the specialty retailer’s stock worth $3,838,000 after acquiring an additional 1,253 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,021.50 on Thursday. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The company’s 50-day moving average is $1,091.76 and its 200 day moving average is $1,021.39. The stock has a market capitalization of $60.30 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.91 and a beta of 0.90.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. O’Reilly Automotive’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.28 earnings per share. Research analysts anticipate that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current year.

Insider Transactions at O’Reilly Automotive

In related news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares in the company, valued at $726,740. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 10,000 shares of the 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 $228,141,159.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,000 shares of company stock worth $33,391,813. Corporate insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ORLY. Truist Financial dropped their price objective on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a report on Friday, April 26th. Wells Fargo & Company dropped their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, April 25th. 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 stock an “outperform” rating in a report on Friday, February 9th. Finally, The Goldman Sachs Group lifted their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,110.07.

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.