Avidian Wealth Solutions LLC Makes New Investment in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Avidian Wealth Solutions LLC purchased a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 189 shares of the specialty retailer’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC bought a new position in O’Reilly Automotive in the first quarter valued at about $36,000. Newbridge Financial Services Group Inc. bought a new position in O’Reilly Automotive in the 1st quarter valued at approximately $37,000. Indiana Trust & Investment Management CO raised its holdings in O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 26 shares during the last quarter. Riverview Trust Co acquired a new stake in O’Reilly Automotive during the 1st quarter worth approximately $41,000. Finally, LifeSteps Financial Inc. bought a new stake in O’Reilly Automotive during the 1st quarter worth approximately $45,000. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded up $12.57 during trading on Wednesday, hitting $1,028.19. 290,435 shares of the company traded hands, compared to its average volume of 395,195. The firm has a market capitalization of $60.55 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 1.88 and a beta of 0.92. The business’s fifty day moving average is $1,011.71 and its 200 day moving average is $1,037.59. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $8.28 EPS. On average, analysts predict that O’Reilly Automotive, Inc. will post 41.86 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In related news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the sale, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ORLY shares. Truist Financial dropped their price target on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Evercore ISI cut their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Wedbush reissued a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Wells Fargo & Company cut their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Finally, UBS Group increased their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,116.93.

O’Reilly Automotive 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.