O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Horrell Capital Management Inc.

Horrell Capital Management Inc. lessened its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,631 shares of the specialty retailer’s stock after selling 2,086 shares during the period. O’Reilly Automotive makes up approximately 6.4% of Horrell Capital Management Inc.’s holdings, making the stock its largest position. Horrell Capital Management Inc.’s holdings in O’Reilly Automotive were worth $21,455,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Miracle Mile Advisors LLC grew its stake in shares of O’Reilly Automotive by 41.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 435 shares of the specialty retailer’s stock valued at $491,000 after purchasing an additional 128 shares during the period. Hedeker Wealth LLC grew its stake in shares of O’Reilly Automotive by 7.2% in the 1st quarter. Hedeker Wealth LLC now owns 1,438 shares of the specialty retailer’s stock valued at $1,624,000 after purchasing an additional 96 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of O’Reilly Automotive by 21.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,002 shares of the specialty retailer’s stock valued at $1,131,000 after purchasing an additional 174 shares during the period. KFG Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 3.3% in the 1st quarter. KFG Wealth Management LLC now owns 443 shares of the specialty retailer’s stock valued at $500,000 after purchasing an additional 14 shares during the period. Finally, Lake Street Private Wealth LLC grew its stake in shares of O’Reilly Automotive by 76.0% in the 1st quarter. Lake Street Private Wealth LLC now owns 447 shares of the specialty retailer’s stock valued at $505,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling

In related news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction 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 sale, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,734 shares of company stock valued at $35,789,929. 1.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ORLY shares. Barclays upped their price objective on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research note on Friday. Evercore ISI increased their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. increased their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, TD Cowen increased their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Price Performance

Shares of ORLY stock traded down $16.31 during trading hours on Tuesday, reaching $1,180.80. The company had a trading volume of 67,901 shares, compared to its average volume of 372,742. The company has a 50 day moving average of $1,152.02 and a 200 day moving average of $1,082.71. The firm has a market cap of $68.50 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 2.42 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,221.18.

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

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.