Wedbush Securities Inc. Has $240,000 Holdings in O’Reilly Automotive Inc (ORLY)

Wedbush Securities Inc. lessened its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 6.9% during the first quarter, Holdings Channel reports. The institutional investor owned 619 shares of the specialty retailer’s stock after selling 46 shares during the period. Wedbush Securities Inc.’s holdings in O’Reilly Automotive were worth $240,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Virtus ETF Advisers LLC acquired a new stake in O’Reilly Automotive during the 4th quarter valued at $25,000. CX Institutional acquired a new stake in shares of O’Reilly Automotive during the first quarter worth $35,000. Berman Capital Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the fourth quarter worth $31,000. Paragon Capital Management LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter worth $39,000. Finally, CNB Bank acquired a new stake in shares of O’Reilly Automotive during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Shares of ORLY opened at $379.96 on Friday. The company has a debt-to-equity ratio of 9.66, a quick ratio of 0.09 and a current ratio of 0.91. The firm has a market capitalization of $29.78 billion, a P/E ratio of 23.60, a PEG ratio of 1.45 and a beta of 0.85. O’Reilly Automotive Inc has a twelve month low of $254.09 and a twelve month high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share for the quarter, hitting the consensus estimate of $4.05. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.44 billion. O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $3.61 EPS. Equities research analysts expect that O’Reilly Automotive Inc will post 17.78 EPS for the current year.

Several equities research analysts have recently issued reports on the company. BidaskClub upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Oppenheimer cut O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. Evercore ISI assumed coverage on O’Reilly Automotive in a report on Wednesday, March 20th. They set an “in-line” rating and a $375.00 price objective on the stock. Citigroup raised their price objective on O’Reilly Automotive from $422.00 to $454.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Raymond James raised their price objective on O’Reilly Automotive from $408.00 to $435.00 and gave the stock a “strong-buy” rating in a report on Thursday. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $379.13.

In related news, SVP Larry Lee Ellis sold 800 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $376.23, for a total value of $300,984.00. Following the transaction, the senior vice president now directly owns 1,156 shares of the company’s stock, valued at approximately $434,921.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brad W. Beckham sold 5,000 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $370.71, for a total value of $1,853,550.00. Following the completion of the transaction, the executive vice president now directly owns 5,454 shares in the company, valued at $2,021,852.34. The disclosure for this sale can be found here. Insiders sold a total of 119,273 shares of company stock worth $44,907,567 over the last ninety days. Corporate insiders own 2.52% of the company’s stock.

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O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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