CreativeOne Wealth LLC Boosts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

CreativeOne Wealth LLC raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 249.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,388 shares of the specialty retailer’s stock after purchasing an additional 991 shares during the period. CreativeOne Wealth LLC’s holdings in O’Reilly Automotive were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORLY. Raymond James & Associates raised its position in O’Reilly Automotive by 0.4% during the fourth quarter. Raymond James & Associates now owns 101,574 shares of the specialty retailer’s stock valued at $96,503,000 after purchasing an additional 403 shares during the period. CVA Family Office LLC bought a new position in O’Reilly Automotive in the fourth quarter worth approximately $97,000. Pacer Advisors Inc. grew its stake in O’Reilly Automotive by 56.2% in the fourth quarter. Pacer Advisors Inc. now owns 11,863 shares of the specialty retailer’s stock worth $11,271,000 after purchasing an additional 4,270 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in O’Reilly Automotive by 9.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 753 shares of the specialty retailer’s stock worth $715,000 after purchasing an additional 67 shares in the last quarter. Finally, Schechter Investment Advisors LLC grew its stake in O’Reilly Automotive by 4.3% in the fourth quarter. Schechter Investment Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $617,000 after purchasing an additional 27 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial increased their target price on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research report on Friday. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday. Wells Fargo & Company dropped their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. DA Davidson increased their target price on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday. Finally, UBS Group dropped their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,130.67.

Insider Buying and Selling

In related news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Trading Up 2.4 %

Shares of NASDAQ ORLY traded up $26.69 during trading on Friday, reaching $1,119.60. 258,552 shares of the company traded hands, compared to its average volume of 396,644. The firm’s fifty day simple moving average is $1,019.39 and its 200 day simple moving average is $1,044.87. The stock has a market cap of $65.93 billion, a P/E ratio of 28.31, a PEG ratio of 1.94 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results 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 145.52%. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the business earned $10.22 earnings per share. O’Reilly Automotive’s revenue was up 5.0% on a year-over-year basis. As a group, research analysts expect that O’Reilly Automotive, Inc. will post 41.6 EPS for the current year.

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.