Carderock Capital Management Inc. Reduces Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Carderock Capital Management Inc. reduced its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,546 shares of the specialty retailer’s stock after selling 197 shares during the period. O’Reilly Automotive comprises about 2.2% of Carderock Capital Management Inc.’s portfolio, making the stock its 17th biggest holding. Carderock Capital Management Inc.’s holdings in O’Reilly Automotive were worth $8,948,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Merit Financial Group LLC raised its stake in shares of O’Reilly Automotive by 26.6% in the fourth quarter. Merit Financial Group LLC now owns 1,565 shares of the specialty retailer’s stock worth $1,856,000 after buying an additional 329 shares during the period. Avanza Fonder AB purchased a new stake in O’Reilly Automotive in the 4th quarter worth approximately $6,818,000. Procyon Advisors LLC lifted its holdings in O’Reilly Automotive by 7.4% during the fourth quarter. Procyon Advisors LLC now owns 3,316 shares of the specialty retailer’s stock valued at $3,933,000 after purchasing an additional 229 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of O’Reilly Automotive by 2.0% in the fourth quarter. Ritholtz Wealth Management now owns 2,419 shares of the specialty retailer’s stock worth $2,868,000 after purchasing an additional 48 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of O’Reilly Automotive by 23.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 347 shares of the specialty retailer’s stock worth $411,000 after purchasing an additional 67 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Trading Up 1.0 %

ORLY opened at $1,216.79 on Friday. The stock has a 50-day moving average of $1,223.74 and a 200 day moving average of $1,159.48. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,283.96. The firm has a market cap of $70.25 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.23 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $10.72 earnings per share. On average, research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Andrea Weiss sold 600 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of analyst reports. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Wedbush reissued a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Evercore ISI increased their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Truist Financial boosted their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $1,270.69.

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.