NorthCrest Asset Manangement LLC Purchases 19 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

NorthCrest Asset Manangement LLC grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,173 shares of the specialty retailer’s stock after purchasing an additional 19 shares during the period. NorthCrest Asset Manangement LLC’s holdings in O’Reilly Automotive were worth $3,351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC bought a new position in O’Reilly Automotive in the first quarter valued at $36,000. Newbridge Financial Services Group Inc. bought a new position in shares of O’Reilly Automotive in the 1st quarter valued at about $37,000. Indiana Trust & Investment Management CO grew its holdings in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at about $41,000. Finally, Crewe Advisors LLC bought a new stake in O’Reilly Automotive during the first quarter worth about $43,000. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

Shares of ORLY stock traded up $6.19 on Wednesday, hitting $1,120.91. 78,090 shares of the company’s stock were exchanged, compared to its average volume of 394,841. The company has a 50 day moving average of $1,056.59 and a 200 day moving average of $1,058.02. The stock has a market cap of $66.01 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $10.22 earnings per share. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 41.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ORLY. Truist Financial boosted their price objective on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI decreased their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating on the stock in a report on Tuesday, July 16th. Wells Fargo & Company cut 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. Royal Bank of Canada decreased their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Wedbush restated a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus target price of $1,130.67.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,589 shares of company stock worth $39,989,614. Insiders own 1.55% of the company’s stock.

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.