Gilbert & Cook Inc. Decreases Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Gilbert & Cook Inc. trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,053 shares of the specialty retailer’s stock after selling 33 shares during the period. Gilbert & Cook Inc.’s holdings in O’Reilly Automotive were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Trifecta Capital Advisors LLC lifted its holdings in O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter worth about $41,000. Crewe Advisors LLC purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $43,000. Kings Path Partners LLC purchased a new stake in O’Reilly Automotive during the 2nd quarter worth about $44,000. Finally, ORG Partners LLC purchased a new stake in O’Reilly Automotive during the 2nd quarter worth about $48,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the transaction, the chairman now directly owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,322 shares of company stock worth $18,280,698. Company insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research reports. DA Davidson reissued a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Roth Mkm reissued a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Royal Bank of Canada boosted their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. TD Cowen boosted their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Truist Financial boosted their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. Four research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Trading Down 0.9 %

NASDAQ ORLY opened at $1,213.37 on Friday. The business’s 50 day moving average is $1,170.83 and its two-hundred day moving average is $1,094.85. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.30. The stock has a market capitalization of $70.05 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.46 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results 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). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the firm posted $10.72 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal 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.