O’Reilly Automotive, Inc. (NASDAQ:ORLY) Position Boosted by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 14.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612 shares of the specialty retailer’s stock after acquiring an additional 75 shares during the quarter. Nicolet Advisory Services LLC’s holdings in O’Reilly Automotive were worth $671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $671,384,000. International Assets Investment Management LLC grew its stake in shares of O’Reilly Automotive by 89,319.3% in the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after buying an additional 652,924 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of O’Reilly Automotive by 656.2% in the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after buying an additional 397,108 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in O’Reilly Automotive by 15.0% in the 1st 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 purchasing an additional 183,296 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in O’Reilly Automotive by 269.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 216,787 shares of the specialty retailer’s stock worth $205,965,000 after purchasing an additional 158,075 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY traded up $14.77 during trading hours on Friday, reaching $1,042.86. The stock had a trading volume of 392,783 shares, compared to its average volume of 357,895. The business’s fifty day moving average is $1,015.12 and its two-hundred day moving average is $1,042.07. The company has a market cap of $61.41 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.92 and a beta of 0.92. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11.

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

Wall Street Analysts Forecast Growth

ORLY has been the subject of several analyst reports. StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Truist Financial reduced their target price on O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Wells Fargo & Company reduced their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. UBS Group reduced their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday. Finally, Evercore ISI reduced their target price on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,113.36.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction on 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 $726,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction on 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 $726,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the sale, 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. Company insiders own 1.55% of the company’s stock.

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.