Seven Eight Capital LP Increases Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Seven Eight Capital LP boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 40.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 382 shares of the specialty retailer’s stock after purchasing an additional 110 shares during the period. Seven Eight Capital LP’s holdings in O’Reilly Automotive were worth $431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new position in O’Reilly Automotive in the fourth quarter worth $671,384,000. International Assets Investment Management LLC raised its stake in O’Reilly Automotive by 89,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after buying an additional 652,924 shares in the last quarter. Wellington Management Group LLP raised its stake in O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after buying an additional 397,108 shares in the last quarter. JPMorgan Chase & Co. raised its stake in O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after buying an additional 376,167 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in O’Reilly Automotive by 15.0% in the first quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock worth $1,587,784,000 after buying an additional 183,296 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Up 0.2 %

ORLY stock traded up $1.70 on Wednesday, hitting $1,050.71. The company had a trading volume of 557,691 shares, compared to its average volume of 394,179. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The stock’s 50-day simple moving average is $1,016.85 and its 200 day simple moving average is $1,044.49. The stock has a market cap of $61.88 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.95 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $8.28 EPS. Research analysts forecast that O’Reilly Automotive, Inc. will post 41.7 earnings per share for the current year.

Insider Transactions at O’Reilly Automotive

In other news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ORLY. 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. Truist Financial decreased their target price 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 decreased their target price on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a research note on Tuesday, July 16th. Wells Fargo & Company decreased their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Finally, StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,113.36.

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.