Dakota Wealth Management increased its position in O’Reilly Automotive Inc (NASDAQ:ORLY) by 26.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 991 shares of the specialty retailer’s stock after acquiring an additional 210 shares during the period. Dakota Wealth Management’s holdings in O’Reilly Automotive were worth $241,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Cobiz Wealth LLC boosted its position in shares of O’Reilly Automotive by 2.8% during the 1st quarter. Cobiz Wealth LLC now owns 22,395 shares of the specialty retailer’s stock valued at $8,696,000 after purchasing an additional 606 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of O’Reilly Automotive by 7.9% in the fourth quarter. State of Alaska Department of Revenue now owns 12,915 shares of the specialty retailer’s stock worth $4,445,000 after buying an additional 947 shares during the period. Sowell Financial Services LLC boosted its holdings in shares of O’Reilly Automotive by 45.9% in the fourth quarter. Sowell Financial Services LLC now owns 3,343 shares of the specialty retailer’s stock worth $1,151,000 after buying an additional 1,051 shares during the period. Brown Advisory Inc. boosted its holdings in shares of O’Reilly Automotive by 22.1% in the fourth quarter. Brown Advisory Inc. now owns 4,058 shares of the specialty retailer’s stock worth $1,397,000 after buying an additional 734 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of O’Reilly Automotive by 8.9% in the fourth quarter. Huntington National Bank now owns 116,378 shares of the specialty retailer’s stock worth $40,072,000 after buying an additional 9,472 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.
In other news, COO Jeff M. Shaw sold 2,758 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $395.00, for a total value of $1,089,410.00. Following the sale, the chief operating officer now owns 26,992 shares in the company, valued at $10,661,840. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman David E. Oreilly sold 34,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $375.48, for a total transaction of $12,766,320.00. The disclosure for this sale can be found here. In the last three months, insiders sold 119,273 shares of company stock worth $44,907,567. Insiders own 2.52% of the company’s stock.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $4.05. O’Reilly Automotive had a net margin of 13.87% and a return on equity of 333.23%. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the firm posted $3.61 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that O’Reilly Automotive Inc will post 17.77 earnings per share for the current fiscal year.
Several brokerages have commented on ORLY. Citigroup raised their target price on shares of O’Reilly Automotive from $422.00 to $454.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Raymond James increased their price target on shares of O’Reilly Automotive from $408.00 to $435.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 25th. Zacks Investment Research raised shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. BidaskClub raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Finally, Oppenheimer lowered shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research report on Friday, February 8th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $379.13.
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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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